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

[Ryan Hawkins]

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?

[Dennis M.]

You didn't practice due diligence . Why on earth would you ( attempt) buy without having your finances in order ? This was really foolish .your begging for trouble by assuming anything in real estate . I can assure you that Murphy's law is huge in REI . You can be sued over stuff like this if the deal falls through . Done before you even start