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Introduction
Hey everyone. I’m an investor and lender in Knoxville TN. I’ve got several wraps and slow flips currently in my portfolio and looking to scale this part of my business. I can also provide HELOCs and DSCR funding for investors. Mostly looking to partner up and learn from other investors who want to be the bank as I believe this is the best way to invest in real estate. Link to my card if you wanna chat! https://blinq.me/NZXMVGvpsIcXO8dZseM1
0 likes • Jul 30
@Justin Pumpr lender's don't really dictate that but wraps are generally allowed everywhere, as long as underlying is being serviced. of course due on sale is always a risk
Take the W's as they come
We just closed on the sale of a property in Upstate SC - This was a 3BR-2BA stick built home where we had all intentions of selling with seller finance. We ended up accepting an FHA offer at our full seller finance sale price. We price our SF deals with a 12% premium over our expected retail sale price. Luckily, the appraisal came in at our price - the deal closed on schedule - we returned our private lender funds and they asked to put the money back to work on the next deal PP: $84,000 w/ closing Feb 2025 Rehab: $40,000 (roughly $5k over budget) Seller Credit at Closing: $5,000 Finance/Holding/Closing Costs: $6,000 Sale Price: $199,900 w/ closing June 2025 Total Profit from Deal: $55,000
2 likes • Jul 9
congrats! LMK if you get anything in E TN?
1-2 of 2
Gregory Crane
2
15points to level up
@gregory-crane-3735
Mortgage Loan Originator Licensed in TN; NMLS ID: 2659817

Active 4d ago
Joined Apr 15, 2025
Knoxville TN
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