Updated over 2 years ago on . Most recent reply
House Flipping Financing options
Hey everyone,
New investor here, I only have $20,000 available for a house flip project which cost $220,000 and the rehab cost $60,000 making it $280,000, all other additional costs including closing costs sum it up to $300,000 for the deal in total. The ARV of the property is $400,000. Private lenders are unwilling to loan me anything as I don't have experience, Hard money lenders can only loan 75% of the project which is $165,000, does anyone know of other financing options to get the remaining $135,000 I need for the project?