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Updated over 1 year ago,
HELP! Owner-Occupied Fix & Flip
I am badly wanting to get out of Tampa, FL and move to the greater Asheville area to be closer to family. I found an incredible deal with a high ROI but not a single lender wants to lend on it because it is going to be owner-occupied after the flip. I have a few properties in Tampa, FL with a considerable amount of equity and have offered those as collateral but still no luck. Local banks seem confused by my plan. Is there any other way to get cash/hard money for this deal without selling my portfolio?
Thanks in advance!