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Updated about 6 years ago on . Most recent reply
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CAN'T FIND REHAB FUNDS......HELP
Hello everyone,
So far I have reached out to a few HMLs and have had zero success, I recently purchased a property cash in Cleveland, OH. Every time I speak with a HML they say the loan is too small. Take a look at the numbers below and let me know if anyone knows of a lender that would help me out on this. I am planning to BRRR this property. Thank you all!
Purchase price 10k
Rehab cost 30k
ARV 60k
Market rent 800
Most Popular Reply
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@Nicholas Reyes How about wholesaling it another investor for $15k and using the roughly $4k gain (assume $1k in closing and holding spent) to start saving on a down payment for your next project or paying down debt if that is what is holding your credit down?