Good evening to all,
After watching my saints lose, now I turn to business for the evening.
Just began looking into the re-hab business here in New Orleans.
Spoke to a few realtors who are friends, I am set on this one purchase if I could find a lender to help me out. I am looking mostly for a HML or re-hab financer.
ARV is $250-260k
Purchase price is $95k
Good GC friend has an estimate of no more than $55k of repairs.
I have funds to do closing costs, not much more to put for downpayment.
Waiting until tomorrow evening to give a call to the HMLs listed in the investor resources here on the site.
Credit is good, over 700 and will have a partner so two incomes can be looked at for repayment if needed as a way out.
If I could get any help until then, I would appreciate it.
Have a good evening.