Quote from @Christian Chartier:
Good morning,
I'm looking for some lenders for some quick fix and flips in my area after the last two hurricanes.
There are a large number of flood/damaged property's listed for 50%+ off of the original value and in very desirable locations.
I'm looking at 2 deals hard right now, one has an ARV of about 600k going for 350k now, and another with an ARV of 550k-590k going for 310k.
I have a trustworthy and efficient crew that will do the reno's for me, I'm seeing what I need to do on the financing side.
Also, open to syndications in this area to get these houses back up and in order. I'd like to do 5 flips from now until the next hurricane season strikes next year.
My real estate experience thus far has been buy and hold although I have used the crew to do several jobs for me and have referred them out to others I know who have had only great thingsto say about them.
I'm seeing deals all over town, if I can swing a big enough club, it would be highly worth it to pick up some of these beach properties that are now listed for up to 80% off value, rehab and flip them.
@Christian Chartier We could certainly help with this, we do a lot in Florida so we've lent on deals like this before. We can normally do:
- up to 90% of purchase funded
- 100% of rehab funded
- 0 points for your first deal with us, 1 point after that
- close in 7-10 days
- no PPP
Let me know if you want more info, I can soft quote you too with a little more info