Structuring Financing with Hard Money and Seller Carry

1 year ago
7

I found a really good deal on a home that has fire damage. (not that bad just the kitchen). The seller said she would possibly carry a portion. How would you structure this? I do have the money for the rehab which I’m at $80k for kitchen and cosmetic upgraded,

Purchase price $420,000 and ARV north of $700k. Let me know your thoughts, please!

Thanks,
Jackson

Timestamps
[00:37] How much does the seller want you to put down?
[00:49] Can do fix and flip loans to get up to 90% of the purchase price at 100% of the repair cost
[00:56] What’s the best way to completely leverage the deal?
[01:15] Not all lenders will allow subordinate financing
[01:23] Three different structures that you could do depending on how much capital you have
[01:33] Find a non-institutional loan
[01:44] Smaller localized funds do not have the same guidelines for structuring deals
[02:09] How much capital do you have?
[02:20] Book a call at https://investorfinancingpodcast.com/rumble

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#financing #fixandflip #sellercarry #hardmoney #hardmoneylending

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