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Updated over 5 years ago,

Gabrielle Simmons's profile image
Gabrielle Simmons's profile image
Gabrielle Simmons
  • Investor
  • from Colorado Springs, CO
  • Member since Apr 21, 2019
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User Stats

29
Posts
4
Votes
Gabrielle Simmons's profile image
Gabrielle Simmons's profile image
Gabrielle Simmons
  • Investor
  • from Colorado Springs, CO
  • Member since Apr 21, 2019
Connect
Gabrielle Simmons
  • Investor
  • Colorado Springs, CO
4
Votes |
29
Posts
Starting Out

Peoria Illinois Flip/Rental Help

Gabrielle Simmons
  • Investor
  • Colorado Springs, CO
Posted

Got a home in Peoria IL under contract at $59k. Using hard money. It's in good condition, could use about $15,000 to improve. ARV is $130k MAX. This is my first deal and I'm wondering if it's better to flip it or hold as a rental and just do a cash out refinance. Worried about finding a lender to do 75%+ LTV. Any suggestions? Anyone willing to look over the numbers for me?

Thanks in advance! :) 

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