Hoping to put an offer on SFR in the LA County area for $785,000. Offer will come in at roughly $200k below market value, planning on investing $100-150k to bring the ARV to a conservative estimate of $1,150,000.
I have already successfully flipped a project in Santa Monica, finding a unit for $1,050,000, putting $150k into it and getting reappraisal after 4 months of just over $1.4mm.
Looking for $985,000 loan at 8% with a 1 point.
@Joshua Berliner - I know several hard money lenders, I'll PM you.
Thank you for taking the time to read my post and offer some help. Quick update - I managed to secure financing from a private lender and wrote up and offer. Waiting to hear from seller. Let’s connect either way as I am sure there will be more financing opportunities to come!
I know I'm late to game on this one, but I'd be happy to quote out future deals for you.
I will definitely consider HIPCO in the future. Not too familiar with the business, but happy to learn some more.
Quick update on this deal - buyer went with a higher offer without offering a counter. Thanks to everyone willing and eager to lend a helping hand.
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Call me and lets set up a time discuss ideas.
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