Hey, do you think I can get a fixed and flip loan on a 75K property? I have an ITIN number. I have done a rehab in this similar area. Appreciate any input.
Specialist · I give advice - [email protected] - I focus on states where investing is profitable, reasonably safe & secure · Member since 2026 · 113 posts · 30 votes
Most lenders I know have a minimum of $100,000 because of the realities and expenses involved. For a $75.000 property Fix & Flip a lender would likely lend 65% of either the purchase price or the value of the property, whichever is lower. Yeah, I know that sucks. Well, they are lenders, they want to make money. You would be better off doing a direct sale/loan with the current owner. Then get a small loan from a Credit Union.
Hi @Ross Saldanha A bit more info is needed. It is possible depending on the rehab budget, the ARV, how many rehabs you've done in the past 3 years and the location. Feel free to put the info here on the forum, or happy to chat offline.
Hi Ross — a fix-and-flip loan on a $75K property can be tough because many hard money lenders have $100K loan minimums, so the purchase price, rehab budget, and ARV have to add up to a loan amount that clears their floor. Your prior rehab experience helps, and lenders will also ask how the ITIN piece is documented and what your exit is — sale or refinance. I am Marc with Royal Partners — if you want, DM me the purchase price, rehab estimate, and expected ARV and I will tell you honestly whether it pencils for the lenders I work with.