Found a great property that is an REO listed for $54,900. There were multiple offers on the property so upped bid to $65k when I found out comps were around $120k ARV. Offer was accepted at 65K but bank wanted to impose some contingencies.
They countered with $3000 binder, $100 per diem every day after closing date if deal doesn't close on time and 5 day inspection period. I countered the bank with $1000 binder and 10 day inspection.Waiting to find out if they accept offer.I have no cash to do this deal.
Thought I would be able to get hard money loan to fund the deal and flip property but all the hard money lenders want at least 20% down 
. Having a hard time finding a cash buyer to even possibly bird dog or wholesale deal to!
Any comments or assistance with this deal would be greatly appreciated!!!!
mmatt73
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