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Updated about 8 years ago,

User Stats

12
Posts
10
Votes
Stephen Holloway
Pro Member
  • Investor
  • Boise, ID
10
Votes |
12
Posts

Advice Needed - House Flipping Funds

Stephen Holloway
Pro Member
  • Investor
  • Boise, ID
Posted

Hello All,

I'm an investor currently in the process purchasing 2 buy and hold rental, leveraged deals in Ohio (1 near Cleveland and 1 near Cincinnati). 

I've also found a great flip opportunity as well, near Cleveland. Purchase price around $25k, rehab costs ~$32k, and ARV estimated to be around $85k.

I'm looking for funds that won't affect my 2 deals currently in process through banks. Any other suggestions besides friends or family? The amount is so small (~$57k for purchase and rehab) that many lenders won't bother with a short term loan.

Thanks in advance,

Stephen

  • Stephen Holloway