JV with me- 2 houses for $200k!

[Tiffany Roberts]

Investment Info:

Single-family residence wholesale investment.

I have 2 SFRs under a sub-to cash contract. The Horizon City property is new (2023) and modern. Colorado Springs is a profitable Airbnb that has been updated and generates an average of $5500-7500 per month. Both homes are owned by the same family that have hit financial stress and they dont want it to go into foreclosure. They are ready to walk away from both of them at $100k each in exchange for someone to pay their mortgages and save their credit and marriage. They are really motivated!

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

I know the family and the husband is a retired vet. I am a military mom and I offered to see if I could help them out of this unfortunate situation

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

These are family friends and they trust me. I told them that I work with real estate investors that would be able to help them and put some money in their pocket to help them with their crushing debt and bills so they wont go into foreclosure on both houses

How did you finance this deal?

I am currently awaiting signatures on both contracts that are prepared as a "Sub-to" cash deals. They are willing to let the houses go for $100k each in cash so they can pay off some bills and relocate.

How did you add value to the deal?

I am able to help family friends in a very unfortunate situation and also help them put money in their pocket to help get out of debt and off to a fresh start

What was the outcome?

I am hoping to find an investor that I can assign this sub-to contract to and help them close in 15-30 days so they can move on with their lives and save their marriage

Lessons learned? Challenges?

I learned that you can really help good people in really unfortunate situations. It is my honor to serve this family and I am really to JV with another investor to help more families in need of relief that are in dire situations like this

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

Crystal Garza is a Realtor in San Antonio and she works with a mortgage lender and they do really good work