Help After Investors Backed out while in contract

[Shad Sikes]

Hey Guys & Gals! 

My business partner and I finally got our first property in contract in Phoenix, Arizona. We are planning to BRRRR the property and lined up a few investors to fund a portion of the property/renovations. We structured the investments as a hard money loan with a high interest rate on the money the investor brought, but now that we are in contract, two of the investors unexpectedly needed to back out of the deal - My business partner and I were relying on that money in order to not bankrupt ourselves for our very first deal - We already have the loan process started, so we won't be able to get a hard money loan either - So I guess my questions are:

1. Is anyone out there interested in possibly investing in the property?

2. Any advice on other routes we can take to get cash for renovations on the property quickly?

Thank you for any help! 

[David Avery]

I have done partnering on several deals.  If it needs renovations on it I would like to discuss the deal with you.

Labor on most deals is about 60-65% of the total work needed.

@example house is $300 K  labor and product estimated $35K.

Sales price after Renovation is $400K.

Could float the labor for 1.25 to 1.5 times my initial bid for labor.

Or some arrangement of equity of same!

Could wait to be paid either "due on sale" or after re fi.

Product would need to be taken care of as it is needed, but I have done so many

renovations that I could also save you money their.

Are you plans to Flip the property, hold on to it to pull out money?

When is closing ?