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Updated over 8 years ago on . Most recent reply

Account Closed
  • Saint Petersburg, FL
38
Votes |
110
Posts

Rehab Loans in Florida for a deal

Account Closed
  • Saint Petersburg, FL
Posted

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

User Stats

36
Posts
18
Votes
Jenny Duclair
  • West Palm Beach, FL
18
Votes |
36
Posts
Jenny Duclair
  • West Palm Beach, FL
Replied

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.

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