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Updated about 2 years ago,

User Stats

2
Posts
0
Votes
Garth frederick Mager
0
Votes |
2
Posts

loan needed fix and flip

Posted

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $49,000
Cash invested: $12,000
Sale price: $49,000

1040-Hearn-St_Blytheville_AR_72315

closing on buy side dec 28 2022 need 40k loan

What made you interested in investing in this type of deal?

seams like a great house to little money buying equity and could help new home owners buy offering new first mortgage

How did you find this deal and how did you negotiate it?

on line live auction banks auctioning off post foreclosure short sale for below marlet pricing

How did you finance this deal?

shopping for financing now i have 12k need 40k loan asap

How did you add value to the deal?

arv 150k

What was the outcome?

on it now

Lessons learned? Challenges?

have cah or cash loan lined up before shopping

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes

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