Updated about 1 month ago on . Most recent reply
Refinancing a flip that’s already under construction in a rural area
Hi my name is Adam I am new to bigger pockets and forums.
I purchased a house in January in cash for a fix and flip I have since completed about 50% of the remodel in cash. I am looking to find an investor or a refinance loan to acquire the necessary money to finish the renovations. The house is considered to be in a rural area even though it’s only 20 minutes outside of Tulsa.I am having a hard time finding a lender that will lend on on a flip already in progress that I own and in a real area. Are there investors out there that would be willing to partner on this or is that a waste of time and should I continue to try and go a lender route? Any information would be helpful has anyone else dealt with this? Thanks.
I also have previous experience with fix and flips I have four flips under my belt and all of them had large returns