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Updated almost 8 years ago,
Private lending or investors financing in NC
Hello everyone, I just finished my first project of purchase and rehab my first rental property, I am in the process of purchase another foreclosure as a second rental property. I came across a good value for a possible flip and i am excited to work and possibly achieve my first flip. My question all my financial have used in my last project and need help to finance the new property for a possible flip. Any local bank or private lending that anyone can suggest that work in NC and preferably winston salem NC
The property I am looking at have a tax value of $85000 and listing price is $45000 and I am sure they will accept $35000 since its been on the market and I am looking at ARV of $95000 with about a $15000 to $20000 rehab cost. Any suggesting of a good private lender or small bank in the triad area