My brother wants to flip a house with me. I have done several but he is brand new to this. He knows the seller and it is an off market property. We can purchase the house, located in Florida, for $160,000. It needs about $35,000 in cosmetic rehab. Nothing serious but it has been vacant for over a year and needs cleanup, 2 bathroom updates, and roof repair. My appraiser friend says as it sits now without rehab it is worth $220,000 and after will be around $290,000.
We are willing to put 10% down and want to finance the rehab. We both have over 700 credit. I can show about $220,000 in income for myself, he is around $60,000 a year.
I don't have anyone that will do a loan this small. Do you?
Thanks in advance!
Oh, if I don't respond to you do not be mad, I am looking for fast, simple, and direct funding. I will buy the second I find it. Thanks again!
I can do a line of credit , either personal or business with your scores , it will probably be no interest for 1 year
Please contact me at 602 330 1598 i also have flip program and other products linda wintersteen
Hi Linda. Thanks for your fast response. I am going to take until the end of this weekend to consider all options. A line of credit is not something I have thought about but we may be interested. I will call if we decide to go that direction.
i have numerous products after 30 years in the financial world !!!! banks are not doing credit lines , but I still have good sources , and they are super fast !! Linda
just checking back with you and please share
Lack of Down Payment coupled with High Debt is the biggest obstacle to home ownership or other real estate purchase and refinance. Luckily Right Way Loan is design to help you with the funds you need. Right Way Loan reduces the financial strain and stress of investors by providing funds they need Call to get Approved today then flip your deal.
Jamie Can We Talk About The Loan Scenario , Do You Still Need Funding ?
438 869 0221
Hi Jamie, we provide fix/flip (and buy/hold) funding nationwide. My website is below, and email is: Info@SimsCapital.biz