Having good records, bank history and reserve funds are all essential elements to successfully close the deal.

He is bringing in the property plus $25,000 cash ($20,000 to cover closing costs and $5,000 for initial operating expenses), while I'll contribute a $130,000 cash downpayment and handle day-to-day management due to my proximity to the property.

this is me and my partners 1st deal we got 14 days to find a buyer/ or find another exit strategy.My question is, how can me and my partner work with a private lender to get this deal closed if our buyers we made contact with are not serious about closing but we know there is money to be made in the deal!?

If you're moving there, you're going to want to be in Ardsley Park, or really any area close to the historic district, or thomas square and as far out as probably Live Oak.

Rather than giving up we postponed closing.

I could cover closing costs and the rest needed to get the restaurant established.

Purchase price: $118,000 Cash invested: $89,000 Sale price: $315,000Brought seller out of foreclosure and remodeled house from condemned to seller closing with property value increased by $196,000.00!

Is anyone here familiar with the area, that can shine some light my way about this market?

My clients did close on the home, but with all of the information in hand.

The wholesaler and I can create a partnership so the wholesaler will get 4k at closing and the remainder can be used as a contribution into the partnership.