Updated over 18 years ago on . Most recent reply
My First Flip
I have a house under contract for $70,000 and it needs $30,000 in repairs. The ARV of the house is $140,000. I am approved for a hard money loan, but they want me to put down 10%.My credit score is 600, so I have to put money down. Because of the subprime lending market right now all the hard money loans I applied for want atleast 10% down because I have no assets, and fair credit.How I can I make this a no money down deal?