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Updated almost 5 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Julio Vazquez
  • Investor
  • Philadelphia, PA
1
Votes |
4
Posts

Options: running out of money, high interest loan, house not done

Julio Vazquez
  • Investor
  • Philadelphia, PA
Posted

I need options. I got this ridiculous loan from this company. It goes up every few months. I had already done a few flips but this was my first alone. I read the fine print but didn’t think it would affect me. To my surprise I was stalled and stolen from twice by two different contractors. Now my 160k loan is ballooned to 15% with no relief for covid and the house isn’t complete. Even when it is I don’t know if I would be able to sell it because of the market. Any ideas? I’m in desperate need of help.

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