Updated over 5 years ago on . Most recent reply
HELP!!! Deal financing issue!
I am looking for funding but I don't have much to bring to close. Property is $82K purchase price, ARV is $198K and reno is $35K. The numbers are great. My credit is not strong at all and I only have about $8K cash reserve. Am I going to have to let this incredible opportunity go?
Most Popular Reply
@James Williams What is your risk tolerance? Personally, if I was in your position I would get a hard money loan and go for it. However I have a high risk tolerance and I am still very young. Don't want to take on as much risk? Half of a deal is better than no deal... Get a partner!