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51
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11
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Dan Kim
11
Votes |
51
Posts

First Flip in Guam, no capital

Dan Kim
Posted

Hello! I've been offered my first project to flip property in Guam. I have a family member who lives there and flips homes for a living. I have no capital so will need to look at hard money/private lenders. The seller wants to leave asap and listed the property for 190K. We're looking to offer 170K with estimated renovations at 80K. Quick analysis says we can sell for 350K. The biggest hurdle is to get that capital. Any suggestions would be appreciated.

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