North Carolina Funding Recommendations

[Brandon Purdeu]

I am looking for some recommendations on private funding or hard money in North Carolina. I'm negotiating a contract for a small home in Aberdeen, NC ARV of $70,000 but I will list at $67,500. Offered $24,000 haven't heard back but their agent said they were looking for $30,000. Had my contractor go through it needs $15,000 to be ready. I can't use conventional since the home is under $50,000. Any help is appreciated. Brandon

[Brett Hogan]

you can only use the 203 with an fha(as far as I am aware). Also with the fha, the property must be owner occupied aka primary residence. Not to mention fha can not be used on investment properties per the 96 memorandium. On top of all of this the 203 had many stipulations even if you were to use it correctly, fha can be a real hassle.