SEEKING Flippers & BRRRR investors that APPRECIATE 100% PURCHASE & REHAB FINANCING

[Rob Beeman]

Curious if 100% Purchase & Rehab financing really exists (or just a myth)?

Here is how 100% financing works for the purchase & rehab of 1-4 unit properties:

EXAMPLE:

• Purchase $160,000
• Rehab $50,000
• ARV $300,000
• Loan amount $210,000 (100% of the purchase & rehab as it is lower than 70%-75% of the ARV)
• Lender origination $6300
• Lender fees for processing/wire/underwriting/ doc prep $2544
• Estimated per diem interest at closing $1115
• Rough cash to close from borrower of the fees listed is $9959 (plus local closing costs)

Total proof of liquidity from borrower to cover cash to close & reserves to start the rehab on this one is $25,000. This shows the borrower exposing less than $10K on a project that has a cost of $210K ($160K purchase + $50K rehab). That is called leveraging your cash!

Yes, 100% of Purchase & Rehab DOES EXIST. Need it?  To get the quote of your numbers/project, email: [email protected]. Prefer talking vs emails, no worries. Direct: 215-913-1580.