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Updated 6 months ago,

User Stats

14
Posts
8
Votes
Rob Austin
8
Votes |
14
Posts

Rural fix and flip, comps are 10 miles away

Rob Austin
Posted

I'm under contract for a triplex in Boonville Indiana, the purchase price is $192,000, the arv is $280,000 and will need $20,000 in renovations.

Looking for a lender who can do "rural" fix and flip (hold for air bnb or long term). I don't feel like it's rural, but I'm being told that it is because the comps are 10 miles away.

Needs to be 90% LTV.

Any ideas?

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