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Updated over 6 years ago,
Looking for ideas on buying a new property
Greetings BP family.
I have a deal on the table from a wholesaler.
Sale Price: $80K
Finders fee: $$10K
Repair Cost: $15K
Total expenses: $105K
ARV(based on comps): $160K - $215K
I would really like to do this deal. It's a cash-only deal. I'm not interested in renting it out or refinancing. Just a fix and Flip.
My credit is fair and I don't have much cash on hand to finance this deal.
Are there any suggestions from the community for creative investment strategies?
All I can think of are private lenders or Hard money lenders. If anyone has any ideas, I would really appreciate it.