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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceRehab amount larger than purchase price
Grant Carrington's profile image
Grant Carrington's profile image
Grant Carrington
  • from Rocky Mount, North Carolina
  • Member since May 24, 2018
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Grant Carrington's profile image
Grant Carrington's profile image
Grant Carrington
  • from Rocky Mount, North Carolina
  • Member since May 24, 2018
Connect
Grant Carrington
  • Rocky Mount, NC
4
Votes |
10
Posts
Private Lending & Conventional Mortgage Advice

Rehab amount larger than purchase price

Grant Carrington
  • Rocky Mount, NC
Posted Jun 18 2020, 17:01

Wanting to know if anyone knows of any hard money lenders that will fund a deal in which the rehab will cost more than the purchase price.  Let's say purchase price is 50k and rehab is 60k.  Having a hard time finding a lender so any help would be greatly appreciated.

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