Updated about 8 years ago on . Most recent reply
Hard money lenders said my deal is too small help!
So i've been trying to get into rehabs and flips but i am finding trouble finding a lender. The house I have found is 15k but its going to need about 30k to rehab . After repairs the value will be a around 70k however each lender I've talk to has said they will not lend anything under 75k.
Any suggestions?
Most Popular Reply
Look for a local area specific credit union or local bank. We have been able to do small loans of under 50 k all in with these types of institutions. Good luck