All Forum Posts by: Doane Cole

Thank you @Aryia Bala

Great question, @Robert Drummond — and I’ve definitely considered both.

My main goal right now is to build long-term cash flow and start holding a few rentals. Selling could provide a chunk of profit, sure, but I'm really focused on figuring out how to acquire and hold, especially using creative strategies like seller financing/Sub2. I know there's a learning curve here, but I want to make this a repeatable system — refi, pay back lenders, and hold onto cash-flowing properties.

That said, I’m always open to pivoting if a flip makes more sense for a specific deal. Curious to hear — do you typically prefer to sell after reno instead of holding? Would love to hear your perspective.

 Thanks, @Chris Seveney - I really appreciate the staight talk and reality check here.  

Totally agree that ARV is key if I want to pull money back out after a refinance. The numbers I shared were just a hypothetical to help me wrap my head around how this might be structured — not a deal I'm actively pursuing. That said, I hear you loud and clear: unless that ARV is significantly higher (like the $600K you mentioned), there's no way to make those numbers work cleanly.

Right now, I’m just trying to understand the mechanics — how people are structuring deals using seller financing combined with private or hard money, even if there’s some cash left in the deal. I'm not opposed to putting money in, just looking to be creative and learn how people are doing this successfully.

If anyone here has done a deal like this — or has advice on where to find the right kind of opportunities that work well for creative financing — I’d really love to hear from you.

Hey BP community,

This will be my first attempt at using creative financing. Like many investors right now, I’m realizing that finding deep discounts in today’s market is tough. So I’m looking at seller financing and possibly sub2 as more realistic ways to get into my next deal.

I’ve put together some hypothetical numbers based on what a wholesaler might bring me, and I’d love some insight on how I could make this deal work using little to none of my own money — and ideally walk away with some cash at refi.

Here’s the breakdown:

Purchase Price: $350,000 (seller is open to carrying the note via seller financing)

Down Payment: $60,000

Renovation Budget: $50,000

Wholesaler/Finder’s Fee: $10,000

Exit Strategy: Refinance after renovation and seasoning, ideally pay back all involved parties and hold as a rental

So I’m essentially trying to figure out:

How do I structure this deal with private or hard money to cover the down payment, reno, and finder's fee?

Is it realistic to borrow all of that upfront, use seller financing for the rest, refi later, and pay everyone back?

Has anyone done something similar and walked away with cash at closing after the refi?

I know there are a lot of moving parts here, and I’m very open to being coached or corrected. Just trying to get my head around how investors are putting these kinds of deals together.

Thanks in advance for your help!

@Ali Boone I've been looking at roofstock for a while now and wasn't aware of other companies out there. Not sure what the etiquette is...so I figured I'd reach out and ask you directly of what/who these other companies are?