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193
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55
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Tim Porsche
  • Investor
  • Denver, PA
55
Votes |
193
Posts

Best Option for Small Rehab Loan Under $40,000 for Flip

Tim Porsche
  • Investor
  • Denver, PA
Posted

Hi All, I just purchased a property to rehab and flip with cash, and would like to finance it now to free up some cash. I only need\want about $30,000 - $40,000 though. What are my best options for this loan amount? I thought of doing hard money, but the minimum loan amount most seem to want is at least $50,000 - $75,000. If I own the house outright, could I get a line of credit on it perhaps? Thanks in advance for any suggestions or ideas!