The lender I used asked for a bank statement to show significant reserves and did a soft pull of my credit.

Hello BP,I'm noticing that capital is what's hard to find, not deals... at least in my experience so far.I'd like to get some help from the BP community on how to find capital to use for a rehab flip.My friend and I have an opportunity to buy a single family home in Washington D.C. in a nice neighborhood.Purchase price about 600krenovationsinterior 200k, exterior 150k, soft costs 150k (very conservative figures)ARV 1.35 - 1.5 MIL3 - 6 months for rehab, plan to market while rehabbing.Problem for us now is we can't fund it.

It has gotten a lot better over the last 2 years but there are soft areas all over the place.

Often associations can't get rental caps past a vote, but will try to enforce a soft cap by mentioning a number to those who inquire.You just need to call the management company and ask how many units are currently being rented, and what the maximum number of rentals are.

It's soft touch marketing at it's finest.

I am currently wholesaling in the Phoenix market although the market is a little soft, we are still able to find some quality deals to wholesale.

From my experience they will do a soft pull on your credit prior to ordering docs and will also require a verbal verification of employment again as well.Inquiries shouldn't be an issue because you " really haven't opened new credit yet," and you are just shopping for different banks.

After speaking with them, due to the neighborhood, they figured on a soft quote of 875 / month rent and 11-12% fee. 

(Ex: an extra 2 % on a $250,000 loan would only cost you approx $2,500 for a 6 month project - A relatively minor soft-cost for that deal).

Expected Soft Expenses During Rehab- Carrying costs (mortgage, interest, taxes, insurance)- The necessary insurance needed to protect the property- Do I get it personally or as my business entity?