Deal Ready To Close - Need Help

I have a property under contract for 30K I have a buyer lined up for 35K. I would like to either assign the contract or do a double close.



Can some please send me hard money lender who has a title company that understands simultaneous closings.



I am in the Atlanta area

Comments(15)

  • jbarbee27th April, 2008

    Thanks for the info.

    I am having a hard time finding a lender or title company that feels comfortable doing double closings.

    The buyer has credit and downpayment.

    Any help!

  • jbarbee29th April, 2008

    Ok I found a cash buyer signed a purchase & sale agreement for a cash offer of 35K.

    They want the property and already want to stick a for rent sign out in front of the house.

    Onto closing. How does this work. What is the paperwork I need to draw up. Any attorneys in Atlanta that can faciliate double closings with cash?

  • whitebb29th May, 2008

    PM sent.

  • whitebb29th May, 2008

    I just went to the Atlanta one the other week, people paid a lot more than it was previously listed in the MLS service. Obviously these people never looked at the properties, because many were in war zones. I visited some of these properties, and I refused to leave my car, even with my .40 on my hip.

  • whitebb29th May, 2008

    Yes, you needed to show a $5K cashiers check to get admitance.

  • whitebb29th May, 2008

    Yes, you needed to show a $5K cashiers check to get admitance.

  • walker4412th May, 2008

    interested in houton note call me asap 443-804-3438 maurice (private note investor)

  • tjg12th May, 2008

    I am looking for some privately held notes to buy. Send me an email to **Please See My Profile** You have several listed that I can probably act on now.

    rj

  • tjg12th May, 2008

    I am very interested in the the 1st mortgage notes you have, please give me a call at 478-957-5623.

    rj

  • gpa_bis1st June, 2008

    Im interested in your privately owned noted (between seller and buyer). PLEASE ***PM me-because posting contact information is prohibited on this site**** with any available notes. My name is Gary.[ Edited by ypochris on Date 06/02/2008 ]

  • ypochris4th June, 2008

    Would it be easier/possible to finance them individually rather than trying to get a blanket mortgage for the whole deal?

    Chris

  • ypochris5th May, 2008

    No cash, no credit, no assets, no deal. You have to have something to offer a lender.

    You have two options if this is the case- either bird dog it to another investor if it really is such a great deal, and be happy with a couple thousand dollars, or else find someone with good credit to partner with and give them half the profits for using their credit.

    Well, there may be other options like borrowing from family, but those are the ones that occur to me.

    Chris

  • ypochris6th May, 2008

    Have you asked the owner if he will finance the sale?

    Chris

  • finniganps7th May, 2008

    If you can get 165k, forget about giving it to someone else. Buy it and make the money yourself.

  • d_random10th June, 2008

    You already got your answer here:
    http://www.thecreativeinvestor.com/ViewTopic62149-18.html

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