All Forum Posts by: Javier Torres

Great feedback. This is what I was looking for. I see a lot of ads when reseaching online that make it sound like my scenario is possible, but I've been skeptical. This gives me a clear hurdle to overcome in order to move forward (unless someone else on here has other options). I didn't want to use a partner, but it sounds like that"s going to be best bet to get off the ground.

Thanks again.

Here is my situation. 720-ish FICO. $30k cash. Based in Oregon. Looking to begin my journey in fix n flips. I've done research in finding and analyzing properties so I feel somewhat comfortable in that regard.

Here is a sample scenario below of a real property I've done some analysis on. My question is, based on my situation what lenders do you recommend? I tried using this sites "Find a Lender" form, but it stopped me from moving fwd once I didn't meet the 20% down criteria.

Scenario: Bank Owned property at auction

Sales price/offer/bid: $270k

Rehab: $85k

ARV: $500k

Am I barking up the wrong tree going down this path?