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Updated almost 4 years ago,
Hard money loan 100% LTV?
I Have a property under contract for 50k that is ready to rent out at 800/ month that I planned on wholesaling, but I could get more money if I whole-tail it.
The house is currently worth 70k as-is, doing some curb appeal and the bathroom would make it sell for atleast 85k compared to the comps...
This is my first deal and I really don't have any money or my foot in the water..
I'm looking for advice on Hard money loans and if there's any that would do 100% LTV with no money down for 60k and a return in 90 days.
Is that even a thing?
I know there's sharks ready for me not to pay it back and I'm confident this property will sell within 90 days.
What not to do?
What to do?