Purchase price: $231,000 Cash invested: $294,600 Complete gut, made the property lead safe, 100% New wire, 100% New plumbing, all new appliances bathrooms and kitchens.

But how do I word this safely?

I mean, a local bank might be your best bet...but which one? 

Word of mouth and attending events to network and meet people will be your best bet.

We're serving the buyer, so we want them to have a safe and sound investment.Comp it, look at the cashflow, look at the typical cash on cash return in the market that the property is located in, and beat it.

Hey Account Closed, I think your best bet is to talk with the owner directly. 

maybe for the time being you just lend those funds to someone else in a safe manner make cash flow that way while you wait to see how the market shakes out. 

Even though it was higher rate & upfront cost, I felt a bit safer having their experienced eyes looking over the deal and making sure their capital was safe, not to mention having access to their resources.  

So to be safe, go with 1-2 years. 

Typically starting with an agent is your best bet since they have connections to lenders, contractors, and PMs that they've had good experiences working with.Good luck!!