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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Marc Holland
  • Flipper/Rehabber
  • Allen, TX
2
Votes |
6
Posts

Funding Question for a flip

Marc Holland
  • Flipper/Rehabber
  • Allen, TX
Posted

Hey everyone! I need some help! I have a house in Sherman Texas under contract. We're scheduled to close July 2nd. We are going through Wildcat lending for our hard money lender. I was under the impression that we pay them on the back end of the closing once we sell the house not on the front end when we're purchasing it. So I don't have the funds necessary to close on July 2nd. Anybody have any ideas for other ways to fund the deal? 63K purchase price. 45K repairs. 140K-150K ARV. Thanks!

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