I have a home under contract for 144k, it needs 35k in repairs, ARV is 245-265k. It needs to close by Oct. 17th, I am doing the final inspection tomoorw. Any thoughts? Any Hard Money Lenders willing to look at this.
The home was built in 1961, split entry, 5 bed, 3 bath, 2 fam. room, 2 fireplace, 2 car garage, .25 acre and no back yard neighbors.
This home is in a very desired neighbrhood, truly the bad apple on the block.
I have done 4 rehabs so far this year and 9 last year. I have the expierence and know the market pretty well. Although, it is somewhat scary with today’s market.
Thanks