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Updated almost 11 years ago,

Michael Garcia's profile image
Michael Garcia's profile image
Michael Garcia
  • Investor
  • from Chicago, Illinois
  • Member since Sep 24, 2013
Connect

User Stats

59
Posts
6
Votes
Michael Garcia's profile image
Michael Garcia's profile image
Michael Garcia
  • Investor
  • from Chicago, Illinois
  • Member since Sep 24, 2013
Connect
Michael Garcia
  • Investor
  • Chicago, IL
6
Votes |
59
Posts
General Real Estate Investing

HUGE 203K ISSUES!!!!

Michael Garcia
  • Investor
  • Chicago, IL
Posted

HUGE 203K ISSUES!!!!
After 4 months of working this deal, the lender drops this BOMB on me "you need 73k in funds after closing" WHAT DO I DO???

I'm guessing I need a new lender and I'm going to have to find him/her in the Chicago area. The property is 125k and I was going to do 140k in renovations. They're saying to shrink my renovations but then the property might not be worth buying.

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