Washington Hard Money Deal - Close

540

None

Washington

Looking to purchase a single family home and land in Asotin, Washington. When the home was last on the market, it was valued over $400K. At that time, unfortunately they had a family member strip the home of all fixtures, cabinets etc. and thus the seller just wants to sell and move on, selling for the asking price of $154K. From the estimates I have for the work needed, supplies and work I would do myself, I would need $50K on the high end renovations; low end would be $25K. We are estimating two months for full renovations if we are fully funded. Six months if only the purchase is funded and we need to do more of it ourselves.

We are seeking this as our primary residence / owner-occupied. We are rebuilding our credit, and seeking around a year loan to bridge the gap until we improve to a more acceptable interest rate and loan package but are seeking a hard money loan to cover that gap as to not miss out on such a great investment. Income $52K/year.