Creative financing on a bigger scale flip
Hey guys I'm wondering about a few different finance options on a larger scale flip.
I found a 4 bed 2.5 bath on 6.8 acres about to go into foreclosure. It's been on market around 100 days, they're asking 115k for it. I think with the time on market and the amount of work needed, I'm thinking 90k for this property with around 70k in rehab.
It has the bones to be a great sell. The almost 7 acres, in ground pool, 4 car garage, but it needs work. Fencing completely replaced, garage needs to be rebuilt only the foundation is good, yard needs to be cleaned up. Inside is not terrible, but it needs to be basically gutted and updated.
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