Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

52
Posts
7
Votes
Kyle Swarts
  • St. Louis, MO
7
Votes |
52
Posts

Creative financing on a bigger scale flip

Kyle Swarts
  • St. Louis, MO
Posted

Hey guys I'm wondering about a few different finance options on a larger scale flip.

I found a 4 bed 2.5 bath on 6.8 acres about to go into foreclosure. It's been on market around 100 days, they're asking 115k for it. I think with the time on market and the amount of work needed, I'm thinking 90k for this property with around 70k in rehab.

It has the bones to be a great sell. The almost 7 acres, in ground pool, 4 car garage, but it needs work. Fencing completely replaced, garage needs to be rebuilt only the foundation is good, yard needs to be cleaned up. Inside is not terrible, but it needs to be basically gutted and updated.

Most Popular Reply

User Stats

17,995
Posts
17,198
Votes
J Scott
  • Investor
  • Sarasota, FL
17,198
Votes |
17,995
Posts
J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Not sure what your question is?

Loading replies...