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Updated over 8 years ago on . Most recent reply
Rehab Loans in Florida for a deal
Hello,
Here are the numbers:
ARV: $150,000 (Verified by a licensed Appraiser)
Repair Costs: $15,000
Purchase Cost: 1% $1,500
Holding Costs: 3% $4,500
Sales Costs 3% $4,500
Profit 20% $30,000
Fudge Factor 4% 6,000
I'm getting the house under contract for $82,560
What kind of loan programs that are out there that can help with these numbers?
Happy New Year!
Most Popular Reply

I've hear LimaOne capital does a lot of rehab loans. I'm not sure of their terms for rehab because I'm a buy and hold person but their website's display of rehab projects tells me it's a favorite of theirs. Give them a try.