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Updated over 2 years ago,
Need a loan to finish a flip, help!
Hello everyone,
I own a home that I intend to flip (yes, OWN). It is gutted and half way through frame and ready for foundation work. About out of cash, 110k to complete (parts and labor). Make about 55k a year after taxes, but 1099 and haven’t been doing it long enough for conventional loan. Options? Isn’t there something like a cash out? Help! Contractors all quoted and lined up just need money!