Hard Money on REHAB

Financing, Hard Money Lenders, Private Money
1

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

2

I hear people have an awful time removing the smoke smell, you might have a terrible time selling it after due to the ashtray smell.

3

I made adjustments for smoke remediation and cleaning of smoke smell. As it looks the entire roof has to come off. And interior walls have to go.