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Updated over 6 years ago,
Creative Flip Funding
I'm working on a property in Jacksonville, Fl
Acquisition $150
Rehab 30k
ARV 240k
Comp properties in the area sell within 30 days most under contract within a week.
I'm looking for creative ways to finance the deal.
Originally I planned on using my prequal from a 203k lender since I planned on living in the property for a few years before selling. Problem is I currently live and work in Orlando, Fl. I plan to transfer companies of the same profession but until I do will be making the commute between home and work 2 hr drive. I'm a commercial driver so the commute is not a concern for me I'm used to it but lender has concerns about it and will not process the loan until I transfer.
I'm looking to close this deal quick
Any ideas of how to acquire this property any other creative ways?