POTENTIAL DEAL.....NEED HELP

Bird Dogs, Wholesaling
1

My friend is desperate to sell his house…He bought a house in Queen Creek, AZ. 2yrs ago for 255K…He put down 55K…It is worth 280K so he has about 80K in equity…He needs 30-35K in less than 30days for legal fees…He currently has a tenant in place until June and simply cant afford it anymore…What would be the best way to structure this deal!!! If you can be of any assistance it would be greatly appreciated…

Thanks,

Tawn

2

The deal is not fat enough to use hard money, and I don’t think traditional financing sources such as a bank will be able to close in 30 days. (Some can, but most can’t…)

If you are willing to pay $235K for the house, your friend could get a HELOC for $35K and close on that very quickly. Afterwards, you’d buy the house.