Looking for $100,000 in Funding to do 2-3 Fix&Flips Blanket Loan

[Boone Bergsma]

3 Properties with AVG purchase price $19,000 AVG rehab $15,000 with an average ARV of $100,000. I would love to connect with someone that can get me funding for $30,000 for purchase and rehab of a single property or someone that can get me one $100,000 loan for multiple flips at once.

I have called 10 Lenders from this site today and cannot believe how hard it to find someone to loan $30,000 on a property with $100,000 ARV $50,000 as-is.

Please help me Bigger Pockets Community!!!

 Boone

[Boone Bergsma]

Deals like that are rare :D but they do exist.

@Tom S. that hasn't come up at all in the conversations I have been having. But I can see your point. Most I talk to say we don't do loans that low and that's it, and a couple have said that it just to low of amount for them to waste time on. It takes about the same time to do $30,000 loan as a $3,000,000 loan but the commission on a $3m loan is worth their time.

The properties I was asking about were Jems. I missed out on 2 of them but I got one for $21,900 and it has a recently updated kitchen, new flooring in the kitchen and dining, all the appliances still there, and in good shape inside and out.

Minor repairs to a few small holes in the drywall from kids, fresh paint inside and out, and new carpeting, probably less than $5000. And this 4bed 2bath 1500sqft home with 2car garage will be worth at least $70,000 and rent for a $1,000 a month.

I am going to be looking for a cashout refinance of $50,000 on this property after the updates and would like to hold and rent it out, or if a buy&hold investor that wants a cashflow property for a deal and cash on cash ROI then I got a good deal for them at $50,000.

Anyone that is interested in either of those options please contact/connect with me!

Thank you :)