Private money How did you add value to the deal?

Private money How did you add value to the deal?

Whether you should use a hard money, broker or private money would depend on your goals & priority (speed, communication, pricing, etc) so highly recommend considering a variety of options!

Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

Private Money How did you add value to the deal?

I would bet the most of us self manage.

The closing cost and associated fees often add up in these transactions.In the examples that I saw … Essentially there may be a mix of private/creative/bank money to get the asset initially.

I would say your best bet is to see if you can purchase a home with an assumable mortgage. 

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

We started with $1MM of our own capital, and have since grown to about $25MM through raising private money and utilizing bank lines of credit.