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Updated over 1 year ago on . Most recent reply

User Stats

26
Posts
21
Votes
Danyale Martinez
  • New to Real Estate
  • Clarksville, TN
21
Votes |
26
Posts

How do I fund a potential deal

Danyale Martinez
  • New to Real Estate
  • Clarksville, TN
Posted

I know of someone who wants to sell their home but haven't put it on the market yet in Clarksville, TN. It's a 3bd 2ba 1 car garage 1 level home. They owe $135K the house is worth 260K. There is one issue the HVAC needs a new compressor. The owners are currently still living in the home and talking to the owners they are willing to take $185k as is cash offer. The issue is I literally have no money and i really want to find someone to fund this deal or purchase the property and I make a profit off of finding this deal. Any advice would be highly appreciated on how I can benefit from this deal.

Most Popular Reply

User Stats

99
Posts
64
Votes
Patrick Prunty
  • Lender
  • Newport Beach, CA
64
Votes |
99
Posts
Patrick Prunty
  • Lender
  • Newport Beach, CA
Replied

@Danyale Martinez, wholesale it, bring in a partner, there are many options to profit from 'bird dogging' good deals.  I buy houses in Clarksville, Oak Grove and Hopkinsville regularly, many other people do too!

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