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Updated over 5 years ago,
Advice on Financing a Flip
I found the House following the golden rule, "Find the worst house in the best neighborhood", now I need to research the financing side for the flip.
I am going to keep it short and to the point,
My goal is to repair house in 6 weeks and put it on the market.
Following is the breakdown:
SQFT- 2015
Purchase Price $135K Closing Cost $3500.00, Total $138,500.00
Remodel Cost $40K
ARV $235K
I have pulled houses for sale in the area as comps off Zillow and the houses average about $110.00 sf which seems low but using as a quick reference. I reached out to my realtor and she is working on true comps but wanted to put this on BP to start receiving some feedback
What would be some suggestions for financing the rehab?
Appreciate the BP Community feedback in advance