Hey guys does this sound like a good deal for a private lender?

[Kiambu Bryant]

Hey guys I have a property here locally here in Philadelphia PA. 4814 Greene st. In a section called Germantown. Very history area, but anyway I can get this owner to sell me the house at 30k the rehab to bring it up to speed will need to be 55k it will take about 2mths for my contractors to get this done. But the ARV value goes from 130k-150k I am going with the conservative number of 130k ARV my wife is a licensed Realtor so that would be the exit strategy. Do you think a private lender would be interested in something like this to the tune of 8-12% for 6mths? Does this sound like a good deal? Or am I missing something? Thanks guys.

[Will Barnard]

Without credit or a solid history, you will have trouble finding a lender to fund 100% for you.

You may want to consider finding a money partner who could get say 50% of your deal for the funding and be on title. 50% of something is better than 100% of nothing.

Once you build some cash reserves from yoru flip, you could then roll that into the next purchase and use a lender and keep a larger profit.

You could also wholesale this deal too and make a few bucks.

$30k acquisition + $55k rehab with $130k exit is all-in at 65% which is good for properties above $125k values. If your figures are correct, I could see you getting Approx $5k for a wholesale fee which puts your rehab buyer all-in at 69% of exit value which is still a deal.