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Updated about 8 years ago on . Most recent reply
Need financing for BRRRR project in Charlotte, NC
I'm looking at a REO in Charlotte, NC listed for 52k. It is a 3br/2ba ranch in need of estimated 15k repairs with arv around 80k. I already have financing pre approved but problem I am running into the low amount of the property. Does anyone have any recommendations of who I may be able to use to finance this deal? I guess I could try a hard lender but would have to wait 12 months to let it season and refi? Any help would be greatly appreciated and I would like to roll the rehab cost into the loan. Thank you!
Eric