Wholesaler · Phoenix, AZ · Member since 2012 · 38 posts · 4 votes
I have a lender in place for a sweet deal in Phoenix, pp 1.2mil, rehab 150k, ARV 2.4mil. You may think this is not possible, I prove you wrong. Would like to secure back-up lender, JV, need 50k EMD, POF and LOI.
Phoenix home in upscale neighborhood, 7,957sqft, 0.68ac, 8bd, 4ba, sauna, pool, tennis court, 4-car garage, RV parking, sound stage, recording studio.
Rehab Company in place, Field Manager in place, KB-1 contractors license in place, Lead Carpenter in place, back office all set up.
Got info on Friday, 8/21/15 @ 10am, secured lender by 5pm, checked out property physically on Saturday 8/22/15 @ 3pm. Escrow has to be open on Monday, 8/24/15 first thing in the morning.
Have 18 years of experience in this trade, degree in business and finance.