Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

9
Posts
2
Votes
Andy Choi
  • Real Estate Investor
  • Los Angeles, CA
2
Votes |
9
Posts

What do I do need $125k in 24 hours

Andy Choi
  • Real Estate Investor
  • Los Angeles, CA
Posted Dec 16 2016, 08:26
Hey guys, I signed my first deal in Los Angeles the house is under contract and have my hard money lender preparing loan doc's but I need to show proof of funds in my business account of 125k. It's a 2bed 1bath purchasing 330k, 75k in repairs ARV 520k hold time 2 months for rehab 2 months to sell. I have 35k in the bank and short 90k and need to come up with 90k to make this happen and close on the property. What do I do ? I'm tripping out right now. Gonna show and wear my dress shirt today in case I might meet someone. I hear about bridge loans is that a possibility ? Any know if they do very quick approvals ?

Loading replies...