1st deal under contract

[Stephen Sokolow]

Hi everyone,

I just put my first deal under contract today after a long period of analysis to paralyses. I will explain the deal and then ask my question:

The property is located in South Bend, Indiana in the 46614 zipcode

3/2

1600 sqft

Under contract at $55,000

I have two GC's estimates for repairs at between $25,000-$30,000. Mainly cosmetic except for needing a new roof.

After closing cost I would be all in for $84,000.

Using my experience as a realtor I am seeing comps that would put my ARV at $110,000.

Question: I originally was going into the deal with a friend who has decided to back out. I am now left looking for hard money lenders willing to lend a majority of the funds needed to close. I have $6000 in private funds to put towards the deal. My question is should I pursue looking for hard money lenders at almost 100% ( yes I know that is virtually impossible) or should I start looking for private money investors and if so how?

Should I continue moving forward?