Flip Update: · PREA Army

Flip Update:

PREA Army, I closed on this flip in Richmond with 90% creative financing and using 10% of my own funds, took possession in May 17th 2024 and happy to say we have completed the renovations in 13 business days and listing this tomorrow June 10th, 2024. Attached before and after pictures.

My biggest hurdle on this one was financing, as I was hitting roadblock with banks due to my high TDS ratio with a primary residence mortgage, and had to go private mortgage route that added extra 15K to financing costs with extra legal fees for vendor, extra legal fees for your notary to verify private mortgage and get a legal opinion letter, high interest rate mortgage and mainly lender fees and broker fees if around 2% taken form your mortgage proceeds.

If you guys would like to JV on my next one in Lower Mainland and bring the mortgage eligibility with A lender, or if you have cash in your HELOC for purchase, provide partial or full Downpayment funds, hit me up in Facebook or send me a text at 6046262273, let us have a conversation. Seeking Win-Win partnership and make some nice profits together!

Thanks to all my coaches, this amazing community and members, and my power team, my awesome trades team, in helping with every step of the way on this project. Shoutout to

@Jas Chahal

my realtor who is phenomenal to work with,

, you have all given me your valuable time with inviting me to your flips to learn in real-time, answer my questions via Facebook DM’s or phone calls! Special thanks to

@Pedro Bello

coach for having my back at all times and coming out to see the property after renovations and give your valuable feedback!

Cheers, Kash

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