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Updated over 9 years ago,
using hard money for flips where no rehab is needed?
does anybody use hard money to buy a property that they just happen to get at a really great deal and then turn around and sell it without changes?
this particular one is an off market deal so my biggest fear, that they see i just bought it for x amount and then try to sell right away for x +, doesn't apply in this case.
I would want to buy this property at $290,000 and try to list for $360,000.
This just doesn't seem like a very big spread and i would fear that it would sit on the market. I do think I can make money on this but I don't know how. This is a condo btw which doesn't exactly make the situation better.