I purchased my first property a nontraditional route in 2023 and I’m looking to fix and flip the property! This is a fantastic property and opportunity because it only needs the basement finished and very little done on the main level. This property is a gold mine because it sits on 0.28 acres in Denver and it has potential to have a full basement rental property because it has a separate entrance through the backyard. The basement is already hooked up with full electric and plumbing. I am looking for somebody who can refer me to a hard money lender so I can get this property sold.
You are looking to move into a bridge loan 3 years after purchase. Some lenders have this as an option and some do not. Denver is a top notch market. From what I know of that market, you are not buying a fixer upper for less than 300k and ARVs go into the 700s - 900s.
I've closed financing for clients in this situation a few times. It can be done, just need to hunt down all the info they would want.
Happy to chat through your fix and flip options. You should be able to close without needing a credit check. Terms will vary based off experience and extent of remodels.