All Forum Posts by: David Lamb

Hello All-  Have been investing in real estate since 2016.  Stepping it up a bit and moving from buy and hold to flips.  I have a team of professionals working alongside me including a real estate broker, contractor, project manager and hard money lender.  Also have a niche market that I am targeting,  However, because I live in Long Beach, CA, I am very interested in developing relationships with other real estate investors, agents, brokers, and lenders in the area.  My name is Dave and look forward to meeting you.  

I have a seller interested in selling her property at a 25% discount (less fix up costs etc.)due to an illness and need for money fast.  However, she wants to stay in the property for a year.  The price of the house ($1.4m) requires me to secure hard money lending to purchase.  I can't figure out how to profitably make such a deal work?  The market rent I would charge her does not cover the cost of lending.  I would really appreciate any feedback on options that may work in this type of arrangement.  Thank you everyone, appreciate you!!!