Updated about 12 years ago on . Most recent reply
need financing help!
I am looking at buying a home for a fix&flip. Purchase at $55k with a budget of $15k to cover repairs and carrying costs. Value after repairs will be $110k. All I can find for lenders is 75% of purchase price. I have $15k to put into the deal but if use this for the down payment, that leaves me with nothing for repairs.
Does anyone here have suggestions!
Thanks