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Tyson Thomas's profile image
Tyson Thomas's profile image
Tyson Thomas
  • Investor
  • from La Vista, NE
  • Member since Sep 22, 2016

User Stats

11
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1
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Tyson Thomas's profile image
Tyson Thomas's profile image
Tyson Thomas
  • Investor
  • from La Vista, NE
  • Member since Sep 22, 2016
Tyson Thomas
  • Investor
  • La Vista, NE
1
Votes |
11
Posts
Omaha Real Estate Forum

Under Contract/Financing Fell Apart, Need Alternatives ASAP

Tyson Thomas
  • Investor
  • La Vista, NE
Posted

I’m under contract on a fix and flip in Papillion and tried to give a Patch of Land a try.

Long story short, we have missed our original close date and I am wanting to go a different direction.  

Any omaha based lenders you guys can recommend?  Needing funds in less than a week. 

Purchase: $198k

Rehab: $16k

ARV: $255k

Omaha, Nebraska
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Ryan Battista's profile image
Ryan Battista's profile image
Ryan Battista
  • Investor
  • from Indian Land, SC
  • Member since Jul 16, 2016

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136
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76
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Ryan Battista's profile image
Ryan Battista's profile image
Ryan Battista
  • Investor
  • from Indian Land, SC
  • Member since Jul 16, 2016
Ryan Battista
  • Investor
  • Indian Land, SC
76
Votes |
136
Posts
Ryan Battista
  • Investor
  • Indian Land, SC
Replied
Originally posted by @Tyson Thomas:

I’m under contract on a fix and flip in Papillion and tried to give a Patch of Land a try.

Long story short, we have missed our original close date and I am wanting to go a different direction.  

Any omaha based lenders you guys can recommend?  Needing funds in less than a week. 

Purchase: $198k

Rehab: $16k

ARV: $255k

With the provided numbers there is no deal here.  Especially using hard money or any other type of  financing. Even using cash, the numbers do not work.

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