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Updated almost 8 years ago on . Most recent reply

User Stats

10
Posts
1
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Wyatt Dixon
  • Evansville, IN
1
Votes |
10
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Need help funding deals

Wyatt Dixon
  • Evansville, IN
Posted
I have been able to find good deals on properties that need to be fixed up, but I don't have the funding needed to fix them or even buy them. I know that there are private money lenders I just haven't been able to find one, and I have searched through the Internet forever. Any advice on where to find them and get them on board with my business plans? Or even where to find a JV partner?

Most Popular Reply

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1,870
Posts
777
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Aaron Montague
  • Rental Property Investor
  • Brookline, MA
777
Votes |
1,870
Posts
Aaron Montague
  • Rental Property Investor
  • Brookline, MA
Replied

@Wyatt Dixon Now those properties sound good.  @Account Closed posts and such.  They have a massive buyers list for their projects.

What are you brining to the table besides the deal?  Some cash always makes investors happier.  "Skin in the game" is the term I hear most often.  Do you have good credit that could be used with someone else's money to secure the properties?

Do you have a trade you can offer?  Any ability to do work on the property that doesn't involve cash flowing out the business?  This can be anything from a family connection to a greenhouse all the way up through a GC license on top of your electrician license.

You mention good ARV and such but how realistic are your numbers? What about your background says your repairs numbers are accurate?

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