Contemplating my first FLIP

[Joseph Rios]

Hello BP community, I have come across a sfh in a nice neighborhood. The property itself needs repairs which after having my contractor take a look he gave me a rough estimate of $55k. The property is listed at $175k and similar homes (in mint condition) in this area sold for $300k. I have the means to obtain the property, however, I will not have any money left over to cover the actual repairs. What options would you guys use to obtain the $55k? I’m looking foward to my first flip. Any words of encouragement are always welcomed :) Thanks! Joseph