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Creative Real Estate Financing

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Antwan Smith
  • Real Estate Investor
  • suitland
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Need some funding advice

Antwan Smith
  • Real Estate Investor
  • suitland
Posted Aug 3 2008, 10:49

I have a Sub-2 deal that requires a lot of upfront money to get into. I have the captial however, I don't want to tie all of my money up in this one deal. The deal is worth while with at least $80k of equity. $30k to seller, $7500 for transfer taxes/settlement fees, assignment fee 17.5k, approx 12k on fix up. PITI is $1450 per month and rent for the area is about $1800. My question is what are some of the option due I have to come up with at least a portion of the money without tapping my well dry.

Thanks,

Antwan

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