Looking for private money lender or other creative funding option

[Stephen R.]

I have an out of state property under contract that I intended to wholesale. However it seems the occupancy risk has deterred many potential investors. I do have multiple written offers all asking for an inspection contingency, which at this point is not possible. 

So I asked myself "How can I make this deal work?" 

I have been in contact with a local contractor and real estate agent and am exploring a JV partnership to rehab the property myself.

I have looked into transactional funding but it seems the time constraints make this impractical.

I do have buyers willing to purchase once the tenant has been removed but hard money will not loan on that type of situation.

That being said, whether I chose to complete the full rehab or resell the property after the eviction is complete, I am looking for funding (short or long term) to avoid losing this deal. Nothing kills a business faster than a reputation for not being able to close a deal. So this is my Hail Mary pass. 

The property is under contract and due to close in a week. I would need $210,000. A current BPO estimated the as-is value at $329,000 and the ARV at $450,000. The estimated repairs are $65,000.

If you are interested in funding or partnering please reach out to me by phone or email 203-364-5850 or [email protected]. I will answer any questions and am open to any other suggestions or other creative exit strategies.

The original marketplace posting with pictures is below.

https://www.biggerpockets.com/forums/517/topics/46...