COVID-19 Letters turned into a sweet deal

[James Perdomo]

Investment Info:

Single-family residence fix & flip investment in Forks Township.

Purchase price: $225,000
Cash invested: $5,500

Contributors:
Eury Vargas

After sending 2000 pieces of printed letters to older homeowners potentially affected to the pandemic, we found a seller who was remodeling his parents home to put on the market.

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

Direct mail

How did you finance this deal?

Raised capital for closing costs and got 85% LTV from a hard money lender

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

We used Express Capital Financing in Brooklyn, who was able to get the job done for the best terms after relentlessly shopping with other lenders.