first deal need help - Posted by Pet

Posted by Pet on April 16, 1999 at 07:40:33:

Thanks for your answer. i will let you know what happen.

first deal need help - Posted by Pet

Posted by Pet on April 12, 1999 at 18:32:56:

I just sign a contract the same day I talk to the owner we sign the conract now we have to closed on 75 days. I structure the deal like that first mgt 40,000.00 at closing and second mortgage 45,000. at 320 mnt. for 360 mnt

what can I do on this deal for I can do the repair any help will be good.I dont have good credit nor money. any creative ideas will help.
sale price $90,000
fmv 105,000.00
need to replace cabinet chichen, need carpet and central ac after converting garage to a bedrom and bath can sale for 120,000 or 125,000.00

Re: first deal need help - Posted by Robert Cortina

Posted by Robert Cortina on April 12, 1999 at 23:37:03:

Hey Pet,
You can try flipping it in your area with rehab investors. You have enough time to do that. You can make a nice profit if you flip it and not have to worry about fixing it up. Email me with your results.
R~C~