All Forum Posts by: Jazzmine Johnson

Just got back in town following up with him tomorrow morning! I’ll certainly keep you posted

Does anyone know where to get extended transactional funding (up to 90days) for a real estate auction property? I’m in Columbia SC.

Thanks for the response @Owen Dashner ! The issue is being that it was from an auction site you have to purchase the property in order to reassign it so that double close is out of the question. It's a decent Older neighborhood. You are certainly correct I've been researching landlords/Investors in the area to discuss purchasing this property but I wanted to secure the lending in order for me to close. I would easily wholesale the property for 55-60k to give the landlord/investor a decent spread to improve and rent the property. 

So I recently decided to not just talk but complete a wholesale deal. I found the property put a bid on it and won! (Yay) I got the property at 35000. 3bed 2 bath 1200 sq ft structurally sound in st Andrew Columbia sc area. The ARV is 85/90k. The property needs about 10k in Work. An investor can easily rent out this property. I’m stuck on the funding part. I used a system that you input the deal and private lenders call but haven’t been successful (they are charging ridiculous points & other upfront fees. What are the terms i should be looking for from a private lender? What resources have you used in the Columbia investor market for lenders. Thanks in advance

Certainly something I'm interested in. 

NACA is slightly complicated. I've had two clients go thru the program 1. Didn't get her home 2. Did pay a bill on time and had to start the 6 month process over. If you're already renting it may be a bit easier bc you'll have receipt of constant payment. Always look for other first time homebuyer programs thru a lender bc in my opinion it's the same thing less hassle of someone keeping a track of your accounts and what you're spending. NACA will require you to justify purchases. So research other programs and time limits and then decide.

Meet financial goal :)

Hello BP family. I am Jazzmine Johnson a realtor with ERA Wilder & we have linked up with the residential lift program where homebuyers can receive up to $17,500 towards down payment assistance. Contact me for more detail

I'm finally working towards my first real estate wholesale deal! Looking for investors that have invested in the Columbia / Richland area. What type of properties do you look for? Typical price range? Any areas you stay away from?

Congrats Jack! I'll be jumping for joy next week once I finish my classes