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Updated almost 17 years ago,
Still need hard money: min. 65% +ARV $535K
I am looking for a hard money deal to purchase a rehab SFR. Purchase price $460K. Needs about $75k in rehab. ARV is $800K - $900K. I want to be able to get into this with as little out of pocket as possible so I would want it to be possible to roll the payments etc into the loan. At least 3-4 months of payments anyway. I don't want to mess with documentation etc.
I don't know if it helps but my LLC has a great paydex listed with D&B since 1999 and high Business Experian score listed since 2001.
Exit: I want to refi and hold. Second choice: Sell.
Again, I would like this to be an equity based approval. I will PG if I have to - but I don't want to have to jump thru hoops of providing financials etc.
Can anyone get this done?