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Updated over 16 years ago on . Most recent reply

User Stats

74
Posts
22
Votes
Kalonji Mitchell
  • Investor
  • Chicago, IL
22
Votes |
74
Posts

Help on structuring - Chicago, IL

Kalonji Mitchell
  • Investor
  • Chicago, IL
Posted

I have a property in which I have already secured private money for the rehab of the property. Problem, I only have some of the purchase price. Here are the numbers:

Purchase Price: $60,000 (I have $20,000)
Rehab Cost: $70,000 (already secured)
Amount needed: $40,000
ARV $310,000 - $365,000 (based on appraisal that is completed)

Is there either a Private Money source or creative way in which I can structure this deal?

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