2/3 in Sanford, FL - list $189k; ARV ~$300k

Orlando, FloridaHaveFinancingPrivate Money

2/3 in Sanford, FL - list $189k; ARV ~$300k

Wholesaler · Orlando, FL · Member since 2022 · 10 posts · 6 votes

Sanford, FL 32771

Starting Price: $189.9k
ARV $309k-$388k

Spacious 3-bedroom, 2-bathroom CONCRETE BLOCK, single-family home on nearly an acre in Sanford, FL. Built in 1987 this property offers a blend of comfort and potential, featuring a durable concrete slab foundation, central A/C, and ample room for customization or outdoor activities.

Property Condition
Roof: Age/Condition 2017
HVAC: Age/Condition 2019
Plumbing: Age/Condition 1987
Electrical: Age/Condition 2022 (panel)
Foundation: Age/Condition 1987
Interior: Dated
Other Property Details: The subject property will need a complete interior renovation.

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Jim BlackburnBusiness Member
Lender · Florida Based (48 states Puerto Rico) · Member since 2017 · 329 posts · 126 votes
1y

Quick question:

If a buyer wanted to purchase this at $190K and then secure $40K in rehab funds post-close, is it feasible that they could structure the deal with no more than $40K cash out of pocket?

In theory, that would make it almost like 100% financing—if the buyer brought $40K to closing and then received $40K back right after for the renovation budget. Just wondering if that type of structure might work with this prproper
Jim

954-993-1625
Stairway Mortgage, a Division of NEXA Mortgage LLC598 Reviews
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