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All Forum Posts by: Account Closed

Account Closed has started 35 posts and replied 147 times.

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

Thanks @Vinay H. We worked out a solution. 

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

@James Wise lesson learned.

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

@Craig Brooksby

Hi Craig - Could we speak today?

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

@Michael Glist

Brilliant. That is an option.

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

Thank you @Caleb Jordan

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

@Scott Scheel

Thanks for being a contribution, Scott.

I might. I may that route if we are unable to secure a loan. I am still looking.

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

@Sam Shueh

Probably not. I didn’t realize that 6 months is minimum term.

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

@Caleb Heimsoth

Is gap funding the same as transactional lending?

Deal is $135,000 for a 6 unit apartment with massive opportunity to raise rents. Seller not open to creative financing.

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

@Chase McArthur

We have until the 28th. Purchase price is $135,000. I found someone who’s supporting us last minute.

Post: Hard money loan then sell on MLS?

Account ClosedPosted
  • Specialist
  • Hendersonville, NC
  • Posts 159
  • Votes 23

@James Wise

Hi James,

I found this deal off market. It was through a direct mail campaign.

It has over $100,000 in forced equity.