Single-family residence hard money loan investment.
Parents neighbor is willing to do some seller financing if I can get a hard money loan for a good amount of the purchase price. Then will help me renovate to maximize cash flow or flip for a profit.
What made you interested in investing in this type of deal?
Opportunity to own the home next door to my parents with favorable terms from the seller
How did you find this deal and how did you negotiate it?
Been friends with the neighbor for 15 years
How did you finance this deal?
Still working on getting financing from a private or hard money lender
Hey @Gamal Noble, in which state is this property located?
Also, what are the seller financing terms being offered?
Lastly, what cash flow and cash-on-cash return are you projecting to earn, assuming you find your hard money loan?
Thanks!
Seller is Flexible on terms because he is a friend. So it will depend on how much the lender is willing to contribute to the deal. House is in South Florida