oh boy!

3 Replies

hi all my name is luis im a newbie trying to do my first flip in lynn ma 01902. is a single family home in need of complete rehab, i have the money to do the rehab but im gonna need the money to purchase the real estate. can anyone recommenced me a good hard money lender in my area ? any help would be appreciated.

best

luis

purchase price $86000

estimated repair costs $40000

estimated sale price  $200000

Here is an option, try Visio financial. What you can do is, get a loan with 35% down, do your rehab and do a loan at 50% of the appraised value with the same company. That way you can sell it and get your money back while it is on the market. Just a option.

@Luis Capriles contact Ann Bellamy she is local to you. You can find her on biggerPockets

Best of luck 

Steve

Originally posted by @Jay Whitfield :

Here is an option, try Visio financial. What you can do is, get a loan with 35% down, do your rehab and do a loan at 50% of the appraised value with the same company. That way you can sell it and get your money back while it is on the market. Just a option.

 Wow that's a nice strategy thank you sir

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