Found a Deal,... Now Looking for Capital

[David A.]

Hello BP,

I'm noticing that capital is what's hard to find, not deals... at least in my experience so far.

I'd like to get some help from the BP community on how to find capital to use for a rehab flip.

My friend and I have an opportunity to buy a single family home in Washington D.C. in a nice neighborhood.

Purchase price about 600k

renovations

interior 200k, exterior 150k, soft costs 150k (very conservative figures)

ARV 1.35 - 1.5 MIL

3 - 6 months for rehab, plan to market while rehabbing.

Problem for us now is we can't fund it. We don't qualify on our credit or income. Not sure if HML is an option and at what cost.

Any advice is greatly appreciated... as always.