Asked by Kristen, Mount Dora, FL • Wed Jun 6, 2012
I am a pretty new investor, just started up about 7 months ago. I found a great deal today that I will have in contract tonight. I just found out the lender I was using is no longer lending in my area any more. I need a loan for the asking price and rehab of the property. Here are the demos: Single family home, price $99k, ARV $150k-$160k, repairs $15K-18K, Last 3 comps that sold in the neighborhood since march were $150k, $153k, and $172k all with similar sqft and beds/baths. Any recommendations would be great!
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