One of my students — let’s call him Charles — recently came to me with a deal that hit a roadblock…
He asked:
“I’m looking at a property in Riverside, California with an ARV of $795,000 needing only $10,000 in repairs. It has a tenant paying $3,600/month through July. The seller has a $550,000 mortgage at 4%, paying $3,900 monthly including impounds. I offered $625,000 cash or $650,000 with seller financing, plus $10K more if delivered vacant. The seller rejected both offers. Do you see any way I could still make this deal profitable?”
Great question!
This scenario happens all
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