All Forum Posts by: Sanju Chand
Sanju Chand has started 2 posts and replied 2 times.
Post: partnering on a rehab with seller
Sanju ChandPosted
- Investor
- Pearland, TX
- Posts 2
- Votes 0
So I have a seller who wants to do this deal.
ARV - 250-290
Rehab Costs - 25k
Amount owed on the house - 155k
The seller wants me to fund the rehab and is willing to pay me 45k (25k plus 20k profit) on the backend when the house is sold in 3 months.
How can such a deal be structured so that usury laws are not broken, I have a lien on the house and I can remove all my risks associated with the deal.
Post: Claiming Insurance after purchase
Sanju ChandPosted
- Investor
- Pearland, TX
- Posts 2
- Votes 0
I am buying a property which has an insurance covered roof replacement. The insurance company approved the repair but the seller never came around getting the repair done. Can I get the insurance company to pay for the repair after I have bought the property?