All Forum Posts by: Ryan Heilig

Thanks for asking @Blake Novotney

There are two parts to it really. We can look at the deal I am currently working on partnering with a friend who wants to get into investing. 1,000 sqft build (1-2 bedrooms) I can build it for 300k and it will be worth 500k (very conservatively) there's already 200k of equity there so it already checks out to be a good deal from the underwriting side. We structure the low-to-no money-down element with the seller financing the lot we will build on. If we have him hold the note on it for 10k down then when we go to get the construction loan it will pay off the remainder of the balance when the loan closes and we won't have to bring the 10-20% down for the construction loan because it shows that we already own the lot which is essentially our equity in the deal.

Hello, My name is Anthony. I am looking at some foreclosed properties in Jacksonville NC. Once I hear something back on the 3 properties that I am interested in acquiring. Would you be interested in taking a look at them? They need no rehab, just light cosmetics. If interested let me know.