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Updated about 7 years ago on . Most recent reply

User Stats

25
Posts
9
Votes
Korey Rowlson
  • Real Estate Agent
  • Jackson, MI
9
Votes |
25
Posts

Best financing for a fix to rent scenario in Michigan

Korey Rowlson
  • Real Estate Agent
  • Jackson, MI
Posted

We have been flipping homes in michigan for 5+ years and would like to add in some rental properties through financing. We have strong credit and this is our income source. Debt to income ratio is not as good as we want at this time.

When looking recently I have reviewed and compared LimaOne Capital, Bridgewell Capital, and ground floor funding. I was wondering what others would recommend based on experience, market area, and the fact that most of the homes i would target would be around 50 to 90k purchase price, 12 to 15k renoovations, with arvs ranging from 70k to 110k roughly.

Let me know your thoughts or if I forgot something.

Thanks

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