I live in Cincinnati Ohio I brought a house in April in 2017 to filp. I paid $44,000 for it and it need $30,000 worth of work and my realtor said it would sell for $150,00. What is the best way to get the $30,000
Have you looked at a 203(k) loan?
So did you do the work? If you haven't done the work you could try to get a construction loan or a line of credit
Go to your local REIA meeting. You should be able to find a few Hard Money lenders along with private lenders. Also ask people on your network if they would like to earn 10-12% on idle cash or IRA funds secured by real estate. Have your lender package with you at the meeting (i.e. Repair estimate, pictures, MLS sold comparable sales, etc).
The 203k is definitely a good option if you're planning to make this your primary residence for at least a year. If not, I would look to go the Hard Money route as suggested by others.
Did you purchase for cash in April?
Are you sure it needs $30,000 of work and that it will sell for $150,000 when done? DId you run your own comps and already get estimates for the work? If so that sounds like an amazing deal.
I know there are some in L.A spending over $500,000 to make less than $70,000 profit on flips.
We have used Spring Valley Bank in Wyoming. They are investor friendly and interest rate is less than hard money.