All Forum Posts by: Samuel Rivera

Lakeland, fl

Yes they said min acquisition is 75k

I have been flipping for 2 years and i have used a few hard money loans. Most i have had a bad experience with inflated title fees and long closing time. Im looking for a reliable lender, loaning in florida (i know tough) and one who finances rehab. Im under contract on a good deal but my usual lender will not lend under 75k

60k purchase single family

60k rehab

190k ARV

Any help would be appreciated.

Investment Info:

Single-family residence fix & flip investment in Holiday.

Purchase price: $115,000
Cash invested: $60,000
Sale price: $195,000

REO home 2/2, rehabbed into a 4/2 fix and flip

What made you interested in investing in this type of deal?

potential

How did you find this deal and how did you negotiate it?

formula for MLS

How did you finance this deal?

Hard Money loan

How did you add value to the deal?

Vision on seeing what the home could be, negotiating and managing workers

What was the outcome?

sold the home and learned allot

Lessons learned? Challenges?

do a full inspection before purchase, i did not just did and ARV appraisal, and 4 point found moisture in the roof that we did not find. Working with licensed contractors not handyman

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no one i would recommend