Updated about 3 years ago on . Most recent reply
Hard/Private money for acquisition of single family
Seeking some guidance. I found a deal and am seeking funding. Single family property in Southern Maine market. Acquisition costs $170k, repair costs $75k, ARV of $400k. I have successfully completed two flips previous to this. I have 5 years experience as an agent/broker, 5 years doing appraisals and 3 years in construction. Trying to build my empire, can you point me in the right direction?
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Robin Simon
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Robin Simon
#3 Private Lending & Conventional Mortgage Advice Contributor
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Sounds like you should have no problem qualifying for a hard money loan. Are you planning to fix and flip or BRRRR once the rehab is done, or keeping options open?