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Updated about 3 years ago, 10/24/2021

User Stats

40
Posts
33
Votes
Eric Michiels
  • Flipper/Rehabber
  • Denver, CO
33
Votes |
40
Posts

Additional funding needed for a flip (quesiton)

Eric Michiels
  • Flipper/Rehabber
  • Denver, CO
Posted

I'm working on 2 houses that due to unforseen circumstances I will need $10k more for each house.

In your experience if I reach out to my hard money lender can they increase the rehab amount on the loan? For some reason I doubt that's possible because we have a set amount and we've already signed all the paperwork. What options do I have besides coming up with the money myself?

Anybody else ran into the same situation, any advice would be appreciated.

Thank you

Eric Michiels

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