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Updated 2 months ago, 10/29/2024
Get funding with no capital
I’m reaching out for some guidance on securing funding for my next real estate venture I don't have any capital to start with. I'm aiming to obtain around $100,000 to $150,000 to get my foot in the door.
I come with a solid credit profile, boasting a score of 786 with Experian and 773 with Equifax. I have previously completed a fix-and-flip project, which, despite a few challenges, was successfully sold within 30 days of listing on the MLS. Additionally, I have an LLC established and currently hold a business credit card with a limit of $15,000, as well as two personal cards for $4,000 and 3500.
I have before and after pictures of my fix and flip, if needed.
Any advice or insights on potential funding sources or strategies would be greatly appreciated!
Thank you for your time.
Quote from @Debra Webb:
I’m reaching out for some guidance on securing funding for my next real estate venture I don't have any capital to start with. I'm aiming to obtain around $100,000 to $150,000 to get my foot in the door.
I come with a solid credit profile, boasting a score of 786 with Experian and 773 with Equifax. I have previously completed a fix-and-flip project, which, despite a few challenges, was successfully sold within 30 days of listing on the MLS. Additionally, I have an LLC established and currently hold a business credit card with a limit of $15,000, as well as two personal cards for $4,000 and 3500.
I have before and after pictures of my fix and flip, if needed.
Any advice or insights on potential funding sources or strategies would be greatly appreciated!
Thank you for your time.
not having hte capital and no other assets to secure the property for a fix and flip is going to extremely challenging. What you may want to consider is bringing in an equity partner to fund a portion of the deal and have you manage it and find a way to allocate the profits to each party.
- Chris Seveney