Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 17 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Matt Henning
  • Real Estate Investor
  • Boise, ID
2
Votes |
11
Posts

One million in Equity 57%LTV I cant get this deal done.

Matt Henning
  • Real Estate Investor
  • Boise, ID
Posted

I am on my 10th buyer and cannot get this deal done. I am told there is money available out there for strong borrowers. We had had 2 appraisals done, came in at $2.4m. I (seller) is looking to net 1.4m. The Buyers wants some cash out. Current Buyer is a 720 fico and 4-5m in liquid assets. We cannot find an 80% loan on 2.4m sales price, with 20 % down. I think it must be really bad out there and I cannot get my brain around it, or I keep getting buyers that cannot perform. This last buyer has me puzzled. Any ideas. I am loosing my mind.
:beer: I think if I have to look at hard money for this guy, the world will come to an end soon?????
I may be to close to this deal and cannot see it right in front of me?????

Matt

Loading replies...