So I have a deal in Philadelphia. Asking: 159k, full gut rehab, comps 300k+. I am using private money to fund the deal and plan to refi the property after the rehab. All I need is a credit investor. For anyone structured a deal with a credit investor, what do they look for as far as compensation for using their credit? What are the pros and cons of being a credit partner?
$165K to close plus $80K-$120K rehab from the frame is at the $$250K-$300K mark not including holding cost. ARV needs to be more on the $400K+ side with verified recent comps. there's plenty of docs and data needed. A professional packet put together is definitely needed up front and don't forget to include the barter. make sure your numbers are on point...all i's dotted all t's crossed.