New Investor Finds Perfect Deal But Doesn’t Have the Cash to Close
In this short YouTube clip, a novice real‑estate investor (Speaker A) presents a potential fix‑and‑flip property to Toby, a seasoned funder and mentor. The investor outlines the deal: a purchase price of roughly $180,000, an estimated rehab cost of $50,000, and comparable sales (comps) around $325,000, indicating a solid after‑repair value (ARV). The bank declined financing because the property lacks a kitchen and has electrical issues, deeming it too distressed. Toby explains that his funding model targets distressed properties based on ARV, not current condition, and offers to provide capital if the deal makes sense. He requests a detailed scope of work, contractor information, and photos, promising to deliver terms within 24 hours. Toby also emphasizes that beyond financing, he will act as a partner, mentor, and coach throughout the project to ensure profitability and build a long‑term relationship. The investor reacts positively, relieved that the deal can move forward.
