skoster
5 Posts |
 Posted - 05/07/2008 : 12:24:43 PM
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I have been doing a few rehab loans here and there, and just ran into a wall with this one.
Borrow is wanting to get going on his first residential rehab deal. NOO, 65% ARV, has about 8k to put into the deal, and makes 88k per year, 23% DTI fully populated.
I dont know if Im not looking in the right place, or just not presenting this deal properly.
So Im thinking that possibly hard money could be a viable option.
54k purchase price, ARV 150k using a VERY conservative appraisal.
Anyone know of any hard money guys who would touch it? |
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