How did you finance this deal?

I still use the BP calculator for initial underwriting even on +$5M deals and that’s what I send to the bank along with my purchase and sale agreement to get term sheets going. 

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.CCLBA has really cheap parcels for sale for owner occupants.

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

I have a potential subto deal, that could be a great cash flow opportunity for someone, but the entry is a bit steep.

So to do a deal where you haven't yet placed an operator, you might need to be lean on the rent to get an operator in place. 

@Javier Esquivel holding or selling would depend on what the property would rent for, what type of debt can be placed on the property and at what cost..Let's look at the numbers.value $117K75% ARV $87,500(Assuming this is lenders LTVRepairs $35Kall in after purchase is $68K(Depending on closing costs etc...)If the property would rent for a minimum $1400 I would hold as the property will cash flow and I would have the ability to take out all of my initial investment after lenders seasoning period.Delay finance at $75K @ 6% 30Yr Am P/I($500)\cash flow $200 per month at 50% expense ratioyou'll have $0 money into the deal with cash flow and around $42K in equity.This would be a no brainer hold for me.All the best!

If I see a property on the MLS and I want to offer seller financing (or use creative financing strategies to fund the deal), do listing agents quickly disregard these offers?

Deal flow? 

Hi, Has anyone done ant deals using then recently?