Wanting to know about getting hard money for a burn out rehab project. Property is roughly 900sf, is a total inside rehab including part of or most of the roof. ARV is about 50k to 60k. I can get the property for about 5k estimated cost of rehab is 35k on the high side. The only thing that you have to do is sign a statement saying you will rebuild within the 6 month timetable given by the insurance company per MWC standard. any comments about this investment would be greatly appriciated.
Thanks for looking
Phil