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Updated about 11 years ago on . Most recent reply

Brandon Sturgill's profile image
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Brandon Sturgill
  • Real Estate Broker
  • from Columbus, OH
  • Member since Apr 30, 2013
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Brandon Sturgill
  • Real Estate Broker
  • from Columbus, OH
  • Member since Apr 30, 2013
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
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Starting Out

Rehabbers- How Did You Finance Your First 5-Deals

Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
Posted

If your business model is a SFH rehab/resale, how did you finance deals for your first properties? Thanks

  • Brandon Sturgill
  • 614-379-2017
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Realize Property Management Group
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13 Reviews

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Justin Polston
  • Property Manager
  • from Shelbyville, IN
  • Member since Jan 15, 2014
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Justin Polston
  • Property Manager
  • from Shelbyville, IN
  • Member since Jan 15, 2014
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Justin Polston
  • Property Manager
  • Shelbyville, IN
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Justin Polston
  • Property Manager
  • Shelbyville, IN
Replied

Using J's format...

1. Private lender - interest only loan @15%

2. Seller Financing - 15 years @ 7% (intended to keep but sold for a good profit)

3, 4, & 5 Private Lender - Interest only loan @ 15%

I was in my late teens then, so those were my only choices. I was very lucky to find a backer that trusted me!

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