Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

8
Posts
3
Votes
Antonio Williams
  • Realtor
  • Akron, OH
3
Votes |
8
Posts

Seeking Private Money for First Fix/Flip

Antonio Williams
  • Realtor
  • Akron, OH
Posted

I thought BP was a great place to reach out to get input/advice from all of you awesome people. Quick background about me: I have been in Real Estate for about three years (mostly as an agent, have done some wholesaling as well) and was immediately intrigued with the investment side of RE. After learning and educating myself, I feel ready to seek my first investment property and luckily I think I've found the perfect partner (we fill in each others strengths/weaknesses). I have a pretty good idea how to find the deals (not saying it's easy but know where to look) and a really good idea of the ARV, our only problem is financing. I would prefer to use private money but am curious how to find PM lenders as well as how to structure the deal. My credit score is great (~790) but due to recently reducing my hours at my part time job my income is not good enough to get a bank to loan me; my partner has a real solid income and a pretty good credit score (700+).

Is this something that is feasible and how would you recommend seeking/setting up the private money deal? Any other suggestions/advice would be greatly appreciated!

-Just a kid from Akron