Jul 10 • 💬 Discussion
PLN Hack!
Check this out!
One of our JV partners sent us out a deal that could have a delayed closing until mid October. We locked it up with a hard money lender to fund the deal, but under the condition that we had marketable rights until close. Now we just put it on Zenlist and start our dispo process, and we add commission on top since we are a brokerage.
We got paid commission by the wholesaler to sell the deal to ourselves (5k), we are buying it at 98k, and we are re-listing on Zenlist for 110k plus 5% commission and we have until October to move it! Worst case, we buy it and flip!
We call that the double dip!
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PLN Hack!
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