Updated almost 7 years ago on . Most recent reply
Missouri BRRRR - Just need Hard Money
I've got the Realtor, the Inspector, the traditional Lender for the cash out refi, a few thousand dollars, and a lot of optimism to step into the BRRRR game.
My realtor and I have discussed the "fixer upper" homes in the area compared to the ones that actually sell and they generally range from $20,000 - $35,000 for something that could be fixed rather than burned down and the other "normal" properties that the fixer uppers compare to are going for as high as $70-$80,000. These homes generally rent for $600-$800 a month depending on number of bedrooms and school district.
At this point I need to find some hard money to work with and start this journey. If anyone has any recommendations for lenders in Missouri please feel free to share!