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Updated about 8 years ago,

User Stats

66
Posts
9
Votes
Ron Quinn
  • Specialist
  • Independence, MO
9
Votes |
66
Posts

Rehab financing and deals with limited credit

Ron Quinn
  • Specialist
  • Independence, MO
Posted

I have a client that is interested in a flip, He has a decent amount to invest however not enough to buy, rehab and hold for the right buyer, I found a private listed single family for $33,000 with similar houses selling for $102,000. This house will require about $20,000 in renovations and updates with rents in the area at $1200.  So ballpark $55,000 total needed with a target asking price of $99,000... There is instant equity so how can we us this to secure short term financing with limited credit?

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