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Updated over 16 years ago on . Most recent reply
Help on structuring - Chicago, IL
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?