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Updated almost 6 years ago,

User Stats

22
Posts
3
Votes
Kenny Charles
  • Rental Property Investor
  • New York, NY
3
Votes |
22
Posts

Fundings for your potential deals

Kenny Charles
  • Rental Property Investor
  • New York, NY
Posted

Good Evening Biggerpockets community, 

Im a new real estate investor looking to do my first buy and flip. I have been looking at distressed properties in  Florida. I have analyzed a lot of deals and I feel like I have a few potential ones that I can make a profit. I have been pre-approved for a conventional loan but now I am having trouble with them because the properties I have been looking at are "too distressed" and does not fall under their criteria. Ive reached out to RCN Capital and Lima One Capital for their buy and flip programs but representatives from both companies have informed me they only work with corporations. Im looking to see if you guys have any suggestions/tips to help in my current situation. 

Thank you!

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