At this point I could've moved on to a different buyer to simplify the process, but in order to make this work and NET more money, I decided to close on the house with a hard money loan with the seller, then sold it to the end buyer for $450,000 a few days later.There were more fees this way, but like I mentioned I still netted more money as opposed to assigning the property for less.Here's how the numbers played out:Purchase: -$370,000 Hard Money Loan -$14,501.47 Closing Costs (out of pocket)Sale:$450,000 Sale Price-$12,000 Selling Agent Commission-$9,352.33 Closing Costs-$369,737.24 HML Payoff=$59,649.55 ProfitNotice the buyer did have an agent so I factored her commission in.

@Alex Ramirez and All,I believe COVID play a part in this as it affect the county operations as well. 

The conventional buyer has more room to play, so if your appraisal comes in low, the buyer can potentially make up for it if they agree to negotiate when closing the deal. 

Is it a straight play to cut out the competition from private equity so everything goes to the huge investment firms that are left?

Hi all, I've received an offer for hard money (% to be discussed) but the lender has told me he likes all loans "turned around in two years." There's a lot to talk out still but I'm initially trying to determine if th...

So, I am thinking this will be a decent cash flow play.

don’t have advice as i JUST signed up and enrolled in the RER boot camp, but wanna say hi as i’m in central mass also :) feel free to connect on ig if you want!

This "experiment" has been attempted in multitudes or manners, ages, forms, functions and in every case, ended identically, with mass poverty, pain & suffering of the common person, and rampant corruption.

Wanted to start the LTR investment journey and house hacking made the most sense with other variable we have in play.

Hi All,My name is Mike and I am a recent college graduate (SDSU) and newbie investor from Southern California.I'm excited to say that after a few months of research and education I have officially jumped into the playing field, sending out ~150 direct mail marketing letters to out of state/area mutifamily property owners across 3 cities.As I continue marketing to owners, I hope to begin screening deals in the next few months.