All Forum Posts by: Haley Stoneman

@Shaun Hatton other than cutting out the agent’s commission, what would be the benefits of that approach? I really trust my agent, which is why I saw value on getting a second set of eyes on the deal.

It’s located in Maple Grove, MN. Comps pull in the $430 range. 

Calling all investors with experience in single family homes with frozen pipes/freeze damage!

Have you had success getting a hard money loan for these? I was told by my realtor that traditional bank financing would not be an option because of the risk involved.

Any other creative financing ideas?

Thanks in advance for your help!

Haley

@Garrett Hawk thanks for your help!

Found a house on Craigslist for $325k cash only. Nothing major appears to be wrong with the property, other than needing some updates and repairs from wear and tear. ARV is at $450k with a reno budget of ~$30k - $50k. Located in a great neighborhood of houses ranging from mid $300k to high $600k. Owner hosted open house on Dec. 1st, but still available.

***We are NOT cash buyers - does anyone have any tips on how to negotiate a conventional loan with a seller looking for cash only buyers? Or any other ideas for financing just starting out?