Need Cash Fast for Auction purchase

[Rick R. Johnson]

Hi Bigger Pockets family,

I have an unusual situation. I am both a Real Estate Agent and Mortgage Broker. I have a court approved probate property that I have been working on for a year, both listed, and already in contract. The problem is one of the heirs refuses to sign and is blocking the sale. He currently lives in the house.

So, the house is going on the auction block 8/8/2023. Owner died and had a Reverse Mortgage on it. I am looking for an investor to fund the purchase so I can buy it at the auction, then sell it to my contracted buyer.

We would be in and out in about 2 weeks. You tell me what would be a fair split.

Anyone interested? I am going to try to buy it as low as possible, but maximum amount of cash needed is $320,000. Minimum return on your investment would be $10,000. Home is in Sacramento, California. Please reach out to me if you have cash and are interested at 916-367-3738.

Thanks, Rick

CABRE 01711076 and NMLS #360614