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Updated about 8 years ago,
Financing a Property That Has an ARV under $100,000
Hello Investors!
Found a property for $25K. That includes a 1,900 sqft house that sits on a 1 acre lot. The repairs will cost about $35K. The ARV/Fair Market Value is $85-$90K.
I know most hard money lenders want to lend for more than $100K, not less.
What/who do you recommend for financing this type of deal?