Lender (Private or Hard Money) Needed for Fix and Flip
So, I have just come across a property which has great potential for a fix and flip. I have zero capital and therefore I am looking for a lender which can provide 100% LTV and 100% rehab cost. In speaking with some lenders, I am getting the same response... They will not lend as I am new to fix and flips. I am open to both private and hard money lenders. Looking at the numbers this property has a potential for $100K + profit. The current owners are looking for a full cash offer and subject to inspection. They are not allowing anyone to see the property before hand. This doesn't concern me much as the purchase can be contingent upon inspection which can be done during the escrow process. If anyone may be interested in a joint venture please contact me. I am willing to split profit if it is a private lender in addition to paying a percentage on the loan amount.
I have also posted this in the "Private Lending and Conventional Mortgage Advise" forum.
If anyone is interested please e-mail me and I will gladly share the additional information on this property.
Thanks,
Armen