Analysis help and small rehab loan.
I am experienced in not doing due diligence or math. This is because it confuses me to no end. I found a sfh from a wholesaler that I want to rehab. I have estimated costs and ARV, it's a cheap price because there's an encroachment issue but it should only take $1000 to fix. Acquisition and rehab total less than $50K. So Im finding out no one loans on less than $50K. Where can I find a small rehab loan? And very very confused as to the order of things: Do I pay out of pocket for an inspection, appraisal, and survey before I even own it? And how do I get it under contract if getting it under contract requires that I have funding in place? And how do I get funding in place if the lender wants it under contract first??????