Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

6
Posts
0
Votes
Ryan Hawkins
0
Votes |
6
Posts

I have a property under contact, but I have no money now what????

Ryan Hawkins
Posted

I am a new investor with some hobby investment knowledge. ( I know more then my realtor or mortgage broker. LOL) I have done 2 fix and flips and one buy and sell and have had a rental property years ago. I have a property under contract for 45k, ARV is 150k, repairs will be 30k -40k as a rental it is a single family home 3/2 but has a mother in-law unit 1/1 with separate entrance (total 4/3, 2544 sqft. w/ 2 car detached garage on .83 lot). The main house would rent 850-900 mother in-law unit 500 ( very conservative estimate) I thought Ill just get a hard money or private money loan. Well that's not as easy as I thought. All the lenders I contacted say sound like a great property but we don't do loans for less then 75k or 100k. I just got my LLC but this property is under contract in my name. How can I make this happen?

Loading replies...