Looking for Fix and Flip Financing

[John Curd]

Hi BP,

Looking for Fix and Flip financing.  I have access to funds for down payment on two following properties, and can provide more information about them as well.

I would love to get connected with lenders and financing experts about different options.

Thanks in advance!

Property 1: 

Location: Richmond, VA (Northside, 5 minutes from hot new Scott's Addition area)

Square Footage: 1816 sq ft, 4br/2ba 

Plan: Fix and Flip - looking at comps, plan is to convert to 3br/2.5ba with master suite

The property has a new roof and new windows and the demo/rehab prep has already been done.  Will need to do flooring, some drywall, bathrooms (need vanities, lighting, etc) and kitchen will need to be done.

Hoping to be able to purchase house for less.

List price: $130,000

ARV: $300,00

Conservative rehab estimate: $100,000

Property 2: 

Location: Richmond, VA (Northside, 5 minutes from hot new Scott's Addition area)

Square Footage: 2400 sq ft, 4br/3ba

Plan: Fix and Flip

This property is a foreclosure with great Victorian charm.  Large amount of square footage and wonderful details.  Roof seems to be in good condition.  For this level of rehab I'd like to install new, efficient windows, redo kitchen, and all the bathrooms.  Needs paint and trim work throughout.

List price: $93,000

ARV: $300,000

Conservative rehab estimate: $125,000

[Andrew Kiblin]

John,

I am with Restoration Capital, we have been lending in the D.M.V. for 12 years now with only 1 foreclosure. It sound's like you know exactly what you are looking for, I wouldn't need much more information other than a renovation budget/SOW and an address. Give me a call at 703-868-2763 and let's get to work on those deals. Or you can shoot me an email at [email protected], have a great day & weekend!

Thanks,