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Updated about 11 years ago on . Most recent reply

User Stats

3,042
Posts
1,770
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Brandon Sturgill
  • Real Estate Broker
  • Columbus, OH
1,770
Votes |
3,042
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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
business profile image
Realize Property Management Group
3.7 stars
12 Reviews

Most Popular Reply

User Stats

303
Posts
160
Votes
Justin Polston
  • Property Manager
  • Shelbyville, IN
160
Votes |
303
Posts
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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