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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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Rehabbing & House Flipping
HomeForumsRehabbing & House FlippingFinancing a rehab with 3 friends
Matthew Shultis's profile image
Matthew Shultis's profile image
Matthew Shultis
  • Lender
  • from Delray Beach, FL
  • Member since Aug 8, 2017
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Matthew Shultis's profile image
Matthew Shultis's profile image
Matthew Shultis
  • Lender
  • from Delray Beach, FL
  • Member since Aug 8, 2017
Connect
Matthew Shultis
  • Lender
  • Delray Beach, FL
8
Votes |
22
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Rehabbing & House Flipping

Financing a rehab with 3 friends

Matthew Shultis
  • Lender
  • Delray Beach, FL
Posted Aug 18 2020, 06:04

3 friends and I are flipping a house in south central PA and we are exploring ways to finance the rehab. We are buying the house with cash for 60k but need to finance the rehab which we estimate to be around 80k. We estimate the ARV at 225k and the rehab to take 4 months. Suggestions for the best way to finance the rehab between 4 people?

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