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Updated over 1 year ago on . Most recent reply
Victorville Deal - Any lenders?
I just came across a property in Victorville that I would like to purchase. The details are below:
Purchases price: $299K
Repair: $10k
ARV: $400k
I am open to flipping this property but also entertaining the idea of doing a midterm rental to cash flow.
What are my options for lending this property quick? I don't have a lot of cash for downpayment.
No W-2
Thank you for your help!
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#3 Private Lending & Conventional Mortgage Advice Contributor
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Quote from @Elizabeth Park:
I just came across a property in Victorville that I would like to purchase. The details are below:
Purchases price: $299K
Repair: $10k
ARV: $400k
I am open to flipping this property but also entertaining the idea of doing a midterm rental to cash flow.
What are my options for lending this property quick? I don't have a lot of cash for downpayment.
No W-2
Thank you for your help!
Check out this recent article on BP - gives a great rundown of options for you - for purchase (Hard Money vs. Cash) and then for refinance if you go the MTR route (conventonal vs. bank vs. DSCR)
https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...