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Dion Longo
  • Real Estate Professional
  • Advance, NC
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Funding for SFR in Winston-Salem NC area

Dion Longo
  • Real Estate Professional
  • Advance, NC
Posted Jul 27 2018, 07:41

Good morning everyone, this is my first ad in the marketplace. I have just joined recently. I currently have a sfr under contract in Winston-Salem, NC.  I am starting to get nervous due to the fact I can't find someone to loan me money for the purchase. I have tried for weeks to no avail. If I can't find financing, I will be forced to assign the contract to anyone that's interested. The purchase price is 42k. The rehab is going to be around 12-15k with me doing most of the work. The current comps are approx 70k in the area. However if I put a tenant/buyer in there, I will raise the purchase price slightly. Is anyone interested in helping me do my first fix/flip? I'm not a complete newbie, I have had rentals in the past (3) back in 2000-2006.

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