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Updated about 8 years ago,

User Stats

4
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5
Votes
Simona Balca
  • Toronto, Ontario
5
Votes |
4
Posts

Gap Funding Information & Request

Simona Balca
  • Toronto, Ontario
Posted

Hi, I am a Canadian Investor that has recently bought a property in Tampa, FL to renovate and flip.  There are two renovation options I am looking into, one is an interior renovation another is a complete demolish and rebuild.  As a non-american, I understand that I am not able to apply for the Crowdfunding program.  Not 100% sure how I can go about obtaining gap funds.  

Purchase Price: $180,000

Renovation: Rehab budget $100,000 (contractor to confirm estimate within 5-7 days), ARV $425,000, Average days on market 10, Estimate turnaround 4 months

New Build: Rehab budget $370,000 (contractor to confirm estimate withing 5-7 days), ARV $650,000, Average days on market 60, Estimate turnaround 12 months

Thanks in advance for your help and guidance...  I have relatively recently joined the BP team and have learned tremendously.  I feel privileged to be among so many great minds and individuals that have grit and determination.  Thank you!

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