Updated over 6 years ago on . Most recent reply
First Flip Help Boise
Hey Bigger Pockets,
I recently became a part time agent and I have an opportunity to purchase a coworkers house off market. He's looking to close fast which is part of the reason he wants to sell it off market. Ive been in the property, ran comps, and gotten quotes on what I see it needs before an inspection. As the house sits I believe I could purchase it and sell it the next day for more than 25k over my purchase price. Or fix it and walk away closer to 50k. My question is lending. This deal fell into my lap and I haven't established a relation with any hard money or personal lenders in my area. Does anyone in Boise, Ada, or Canyon County have any recommendations? If I can't close soon he will end up going with a local wholesaler "guys from the radio".
Also for any experienced investors,
How would you have handled an opportunity like this? I would hate to see an opportunity like this go away, but I want to be more prepared for future deals.