This was a really interesting deal. It was a two house deal. The houses were on a very busy street, next door to a marijuana dispensary. The houses were side by by side and in great shape.
I offered low on these MLS listed properties and we negotiated a workable price over the last 30 days. I got them under contract and made a couple of calls, I really did not think I would be able to move these properties but I know from experience that you just never know. One buyers nightmare may be another buyers gold! If I don't try then I have ZERO chance of making any money. If I wait for the perfect deal and over analyze the thing I have no chance of making money.
My buyers are brokers at a major commercial bank here in town. They loved the places. They put down $6000 in certified non refundable funds and we close April 9th.
They also asked if they could refer some of their customers to me AND they offered to finance my or my buyers fix/flip deals. They will loan 80% of ARV and cover rehab costs. 20% down, 5% interest only for 12 months.
I used my LLC offer, convert to assignable contract after inspection strategy again. Works like a charm.