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Updated over 7 years ago on . Most recent reply

User Stats

34
Posts
3
Votes
Jean Claude
  • Investor
  • Atlanta, GA
3
Votes |
34
Posts

Hard money lenders said my deal is too small help!

Jean Claude
  • Investor
  • Atlanta, GA
Posted

So i've been trying to get into rehabs and flips but i am finding trouble finding a lender. The house I have found is 15k but its going to need about 30k to rehab . After repairs the value will be a around 70k however each lender I've talk to has said they will not lend anything under 75k.

Any suggestions?

Most Popular Reply

User Stats

135
Posts
73
Votes
Amy Webber
  • Investor
  • Simpsonville, SC
73
Votes |
135
Posts
Amy Webber
  • Investor
  • Simpsonville, SC
Replied

Look for a local area specific credit union or local bank.  We have been able to do small loans of under 50 k all in with these types of institutions.  Good luck

  • Amy Webber
  • Loading replies...