So close and yet so far....

[Mark Caudill]

Hello BP fam. Its been 3 yrs since my last post. I have never given up on investing in RE and now am taking action.

I currently have a bank owned property under contract the details are as follows:

Purchase: 113k

Rehab: 40k max 60 days,

ARV: 215k (I realistically see it selling in the Pueblo market for 200k to 204)

10 day close.

I own my own construction company so the work will be done by me saving labor costs.

Challenge: I have partnered withy son and have a Hard Money Lender loaning 85%aquisition/100% rehab @10%, 12 months interest only. We have combined assets of 18k of the 27k we need to close the loan. I can borrow another 6k @ 20% interest for 6 months but would prefer not to. We are so close. Any ideas on how to make up the difference?

Im realistic enough to know the first one will stretch and challenge us but once we get thru this one the world opens up. Any advice? Thanks in advance!