Posted by B.L.Renfrow on December 11, 2000 at 21:43:00:
Depends what your seller’s motivation and needs are. Once you find that out, you’ll be in a better position to structure offers.
Have you talked with your private lender about a 12 month principal and interest balloon payment? Might be an option, if you’re sure you can get the rehab done in that time, and if your market will support a quick sale.
If so, does your hard money lender lend based on ARV, or on as-is value?