All Forum Posts by: Matt Allen

Anyone can put together a list of markets. It’s always interesting and sometimes comical to see what some come up with!

 I sent you an email. 

I’m looking for referrals for a hard money lender for a deal in Indiana. It’s an off market deal. Purchase price is only $53k but as is worth about $85k. hoping to purchase, redo flooring in kitchen, then do a cash out refi with another lender.

  Purchase price is only $55k with $3k down payment and $7k assignment fee. I am trying to keep out of pocket at a minimum, as is the seller.

I’m working on purchasing a property brought to me by a wholesaler. 

Seller is willing to do seller financing. But the property has $15k in liens on it. 
Since it’s seller financing, the seller doesn’t want to take care of liens yet. 

But the seller will put in writing that the liens will be paid off if property is sold or refinanced.

I’m thinking it’s not worth it and to walk away at this point. Thoughts?

Indiana

I guess I should have stated that the duplex was purchased for $55k. It’s difficult to find a loan at that value to take any money out. 

 Thanks for the insight!

I have a duplex listed for sale. It needs some work. Thinking about doing rehab instead, but could use assistance with funds. There is no loan on the property. Are there lender programs out there to get funds for rehab up front, then refi when completed?

Thanks Luke! I enjoyed listening to you and Avery on the podcast!