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Author Topic: $170,000 Rehab special assessed at $200,000 no offer yet  (Read 2874 times)

Offline john1234

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  • Posts: 148
$170,000 Rehab special assessed at $200,000 no offer yet
« on: April 09, 2012, 11:29:44 pm »
How do I make an offer on this home, 4 bd 2 units i can use transactional funding for rehab , rehab the place and sell to end buyer.

Offline Gold River

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Re: $170,000 Rehab special assessed at $200,000 no offer yet
« Reply #1 on: April 09, 2012, 11:53:08 pm »
Hi,

    Transactional Funding is only available and used for closing an A-B purchase and a B-C sale to your end buyer within 24 hours of time, and you must have end buyer, a contract and an escrow open to use it!

Hard money Lenders may loan 75% of purchase and rehab, may even let the seller carry some paper behind them, however you will still need 10% to 15% down and your hard money lender will have to be in 1st position at closing!


              GR

 




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