Minimum Required Financing Dilemma Need Help

[Raden Mantuano]

So my partner and I are hitting a dilemma trying to a obtain financing for a multi family triplex deal. Most lenders are rejecting us due to the loan minimums. It’s either too low, or we are too new.. is there’s anyone else you can recommenced? Or how would one go about this?

I'm confused as to how people are utilizing the BRRRR or regular fix and flips with hard or private money in those areas when most of the mid west properties are much lower in purchase price.

Private money from strictly retirees? Doctors? We’ve already reached out to the lenders recommended but still a no go.. 

ARV: $130k

Rehab: $14,112.87

Purchase Price: $77k

Loan Amount needed: $72k + Rehab

Your guidance is greatly appreciated community! Thanks