OfflineI have a property under deposit, here in central, Connecticut, and I need help keeping the deal alive.
Here are the highlights:
HUD rehab property
2-family
under deposit at $66,000
needs approximately $27,200 on rehab
property has solid comps at $160,000
I have just over $15,000 cash in hand, and need one of the following:
a lender willing to work with a first-timer.
another investor with a lender relationship to joint venture with.
or some other way to keep this deal going.
Open to any and all suggestions!
Thanks for reading!!!!
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Myself and my partner have a few investors in the CT area (Waterbury/New Haven and West haven) that is looking for great deals are you trying to buy and hold, or flip it. We are wholesaling properties as of right now maybe we can help PM more details on how flexible you are.
Thanks
Jason
"I used to say, "Things cost too much." Then my teacher straightened me out on that by saying, "The problem isn't that things cost too much. The problem is that you can't afford it." That's when I finally understand that the problem wasn't "it" - the problem was "ME!"--Jim Rohn
What are your plans for the property? If you're going to do a fix/flip, you could go to a hard money lender. Just make sure you have a solid exit strategy before taking that step.
Cindy
Life isn’t about waiting for the storm to pass…
It’s about learning to dance in the rain.
The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. - Amelia Earhart
"The greatest mistake you can make in life is to continually be afraid you will make one." - Elbert Hubbard
Hi I'm Adam
I live in Connecticut. I can get you hard money. Rates are 4 points and 12% interest. Your choice. If that doesn't work start talking to everyone one you know. You can raise 100,000 fast at 5,000 increments. Everyone is getting 1.5% interest at the bank. Offer more. You can also bundle all the money you borrow into 1 mortage. 10 people w/ 10,0000 all together makes 1 mortgage. If you need hard money give me a call 203-994-0708
Adam Negri
Hello Guys.
May be some one can help me and advise me.
I have read the books,and use the Foreclosure Alert
to find houses.The ones that I see are in pre-foreclosure
and foreclosure.I am unable to purchase them . What I need is help
qualifying and presenting them to the investors.
Orson