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Updated about 10 years ago on . Most recent reply

User Stats

49
Posts
11
Votes
Scott Freer
  • Investor
  • Philadelphia, PA
11
Votes |
49
Posts

Need funding in Philadelphia

Scott Freer
  • Investor
  • Philadelphia, PA
Posted

I am going to settlement on 6/5/15 and the lender bailed. I have a house under contract that I paid $171,000 for and I need to do $25,000 worth of rehab on it. I ran the numbers off of the MLS and I conservatively see an ARV of $275,000 with a BPO of $302,000.

I'm going to write this one up and shop it around for $200,000, I got a bite from a guy that wants my first born but I'm not interested . The problem is all the upfront fees are close to 50k. If you or a colleague are interested I will go as high as 50% DOS, or a fairly modest up front fee. Thanks in advance for considering it.

Scott Freer

215-896-8029

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