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Updated over 9 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Kelly Wali
  • Los Angeles, CA
1
Votes |
17
Posts

Fix and Flip Loans

Kelly Wali
  • Los Angeles, CA
Posted

-- Getting a fix and flip loan for under 35k seems to be harder than nailing jello to a wall. I came across 2 great deals in the same area, these properties need major work and I am only about 35k short it seems that no one lends less than 50k for hard money or commercial.  Conventional lenders wont touch properties in need of rehab. Properties are in southern California purchase price of less than 40k. I am open to any ideas,

Most Popular Reply

User Stats

40
Posts
19
Votes
Nadine Massarelli
  • Real Estate Investor
  • Kannapolis, NC
19
Votes |
40
Posts
Nadine Massarelli
  • Real Estate Investor
  • Kannapolis, NC
Replied

We had to find local private lenders to partner with.  they get 50% of net profits but I like working with locals and it keep the money in our community

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