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Updated 6 months ago,
Rural fix and flip, comps are 10 miles away
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?
Looking for
Evansville, Indiana