The kind of debt youre looking for is out there in the alternative funding/working capital space, but be warned - it will not be cheap.

My private money lender covered 100% of both the purchase and rehab costs—and even paid me $5K for my time.

First, there are about 6 states that I refuse to invest in because of their tax laws and what I consider to be an unfriendly business environment.

The ARV is around 525k - the property is currently listed at 450k.

miami you can build at the same cost per unit and sell at the same cost per unit in south miami dade in homestead, florida city right now. there are 10 different zoning and entitlement loopholes and lots are available from 75k-130k. miami does not have that old of housing stock it has more new deliveries than probably 95% of the state of florida. what are you talking about?

What's the condition of the unit comparing to the market houses?

Did most of the work ourselves.

What you are experiencing is, unfortunately, part of the learning curve, but it can pay dividends in the future.One of the investors who spoke at our Lowell meetup shared a similar story.

I have a unique deal that the property owner is just wanting the builder to build him a home for "free" and he will sign over the land.

But, if you could not cover the spread between %3 and 6.5% rates, then you won't have much there to entice the CFD.