- New to Real Estate
- Oakland, CA
- Votes |
Duplex investment + owner-occupy house-hack in Oakland CA
Buyers just had our offer accepted and are sourcing an acquisition loan for an Oakland duplex fixer. Seeking a lender who can close by Dec 21 and be competitive on points with loan amount of 840-900K (70-75% LTV).
Basics to start:
Purchase price: $1.2M
Assets: greater than PP
Experience: Buyers already live in beautiful lower unit unit as tenants, but upper unit needs work
Plan: Buyer has cash to cover the holding costs (4 months) and $50K rehab (GC estimate) necessary for bank refi.
Please message me if you are willing and able to invest.