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Updated almost 8 years ago on . Most recent reply
How do I fix this? Help Please Help!!
Hi everyone,I need help and I don't really know what to do. I have to close on Tuesday and i need 12k for closing and 50k for rehab and I have reached out to a private lender to lend me the entire amount and now I am worried the loan will not be approved because I don't yet have title to the property. I'm a newbie and I don't know what the outcome will be. There is a loan balance on this house for 135k and the ARV is 235k. I have no money and need to do this flip to get a shot at financial freedom. Any advise BP Family? Thanks.
Most Popular Reply
What was your plan to close this in the first place with no money? I would wholesale the contract to a local investor ASAP.