Hard Money Referrals in Saginaw, MI? Flipping Low-Income Property

[Ryan Hart]

Hello Everyone:

I have owned a couple properties in Saginaw, MI for a couple years now that I previously sold on land-contract.  I have had to foreclose on both properties, and currently own them again.  The market has improved significantly during this time in terms of number of sales and sale prices.  I figure I'd rather flip both of these properties now rather than go the land contract route again.  

Getting hard-money should not be so much of an issue since my capital is already in the deals - I own both of them outright. However I am having trouble finding hard money lenders at this price point. The ARV on one property is just 35k and the other is around 45k-60k or more (depending on whether I add sq footage). I only need 10k & 25k to do the flips and put the properties in top condition: which is 28% & 55/41% of ARV respectively.

By normal standards of skin in the game these should be a great deals for any lender, so I figured I would source this site to see whether anyone has any advice on how to find lenders in this low-income niche market.

Regards,

Ryan Hart