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Updated almost 18 years ago on . Most recent reply

Naskat Williams's profile image
Naskat Williams's profile image
Naskat Williams
  • Real Estate Investor
  • from new york
  • Member since Feb 22, 2008
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19
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1
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Naskat Williams's profile image
Naskat Williams's profile image
Naskat Williams
  • Real Estate Investor
  • from new york
  • Member since Feb 22, 2008
Connect
Naskat Williams
  • Real Estate Investor
  • new york
1
Votes |
19
Posts
Starting Out

My First Flip

Naskat Williams
  • Real Estate Investor
  • new york
Posted

I have a house under contract for $70,000 and it needs $30,000 in repairs. The ARV of the house is $140,000. I am approved for a hard money loan, but they want me to put down 10%.My credit score is 600, so I have to put money down. Because of the subprime lending market right now all the hard money loans I applied for want atleast 10% down because I have no assets, and fair credit.How I can I make this a no money down deal?

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