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All Forum Posts by: Robert Doidge

Robert Doidge has started 4 posts and replied 12 times.

Post: Funding or funding advice for an Eastern Virginia flip

Robert DoidgePosted
  • Rehabber
  • Randolph, NJ
  • Posts 13
  • Votes 0

Thanks David, I will look into some HML's from BP that fund in Virginia and hopefully maybe get a response from some here. Since the funding end is new to me I will need to find out what they will be looking for so I can put together a proposal for them. I am confident the repair estimate is high and found multiple comps very close by but going over that with a local realtor for a professional opinion. Thanks again for your response

Post: Funding or funding advice for an Eastern Virginia flip

Robert DoidgePosted
  • Rehabber
  • Randolph, NJ
  • Posts 13
  • Votes 0

I'm an experienced builder looking for private funding or advice on how to acquire funding for a 3 bed 2 bath flip I have been looking into.

Purchase Price $16,000

Repairs $50,000 (padded for the unexpected)

ARV $105,000(have several in the neighborhood as high as $120,000)

I have the knowledge and ability to do the work but lack the know how on putting together the funding. I have about 10k I can put towards the house so any thoughts or ideas from the BP community about how to make this work would be greatly appreciated, thanks