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Updated over 4 years ago, 05/24/2020

User Stats

111
Posts
38
Votes
Ryan Johnston
  • Flipper/Rehabber
  • Tampa, FL
38
Votes |
111
Posts

Hard Money Lenders for First Time Flip - Tampa, FL

Ryan Johnston
  • Flipper/Rehabber
  • Tampa, FL
Posted

Hey BP,

Just moved to the Tampa area and I'm finally going to begin flipping houses here. I've been waiting to move into this market for about 8 months and I'm super excited to be here. I was wondering if anyone had any advice for someone looking for a hard money lender or a bank that'll fund my first flip with me. I'll be able to put a sizable chunk of change down but I won't be able to fund the entire thing. 

I'll need a loan somewhere in the $75k-$150k range. The fix-n-flip should take me about 2 months to complete and the ARV's are going to be around $220k. I have a ton of construction experience and contractor management experience for multi-million dollar projects if that counts for anything (My W2 job is a project manager for a huge general contractor).

Does anyone have a piece of advice for me regarding funding my first flip? I prefer to work with local lenders in the Tampa Bay area (St. Pete, Clearwater, Largo, Brandon, etc). It's the only part I'm stuck on. Thanks everyone!

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