Possible deal in NW Houston 77084

[Matt Kampf]

Hi BP, My wife and I are looking to pull the trigger on our first deal in the NW Houston area. The property is a fix and flip with an ARV of $260. The property is a foreclosure listing at $175 and is in need of some TLC in a great neighborhood. Lots of potential and food amenities in a 4star school district. We have a HML willing to work with us and are estimating about 60k in rehab. We are looking for potential partners for this deal in order to come in at a reasonable offer price on the contract. Seller is requiring proof of funds which we have obtained but based on the loan amount were coming up a little shy on the purchase price. Any help or advice would be greatly appreciated on where to go from here!

[Fred Heller]

@Matt Kampf  My opinion, for what it's worth, is that if someone stole the AC (I assume you mean the outside condenser), then it's not a "great neighborhood."

One of the biggest turnoffs for me is when I see bars on the windows and the metal cages around the outside condenser AC units. That tells me that crime is a big problem in the neighborhood.