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    5 Replies Latest reply on Jul 15, 2008 9:48 PM by douglas1

    short term real estate investment

    douglas1 Newbie
      I purchased a investment property in Michigan for 20k in 2007. I recently had it appraised and it came in at $105k with the repairs complete. I am looking for a short term investor to split the repairs which totals approx. $15000.00. I have a contract to sell the property with the repairs complete. Contractors estimate the repairs will take two weeks tops. The buyer has a 670 credit score . I am willing to add an investor name on the deed to complete this project. The buyer has been approved and the only condition to close is the completions of the repairs and Ive agreed to pay the buyers closing cost to make this a smooth process. This will only be a 30-60 day investment tops.