What a smart guy!
This South Phoenix property was originally listed at $52,000, but when our borrower learned that we placed its value at $40,000, he walked away from the deal. A week later, the seller reduced the price to $40,000. He was smart to consult with us!
He was also smart with the remodel, keeping his finishes appropriate for the neighborhood. The investor took sweet time to complete this project, but even on a hard money loan, he still earned quite the nice profit.
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