Where to find Investors to fund next Fix and Flip - Western MASS?

[Ashley Pohlman]

I am looking for my next Fix and Flip in Western Massachusetts (Deerfield plus 30 mile radius) and would love to hear advice on the best type of financing. For my last (and first) flip, I used a Rehab Loan from Greenfield Savings Bank. I am hesitant to go this route again due to all of the paperwork and hoops we had to jump through. I would like to explore where to find and how to get private investors to loan me money? Any advice would be much appreciated! 

[Jim Sestito]

@Ashley Pohlman Deerfield, MA huh... never heard of it - love Northampton tho!

Join some real estate networks in your area (and maybe wider) -  establish a little knowledge and offer 'the opportunity to work with you for a guaranteed return.'

Here is an email I got from a MA investor just a few days ago (he's a BP guy)  I will block out the details but you can see the formatting.

If you have a deal - you will find money.

"Hi,I have a property I am closing on at end of month and another that I suspect to be getting under contract today. We are organizing financing for and are reaching out to investors who many be interested in earning a secured return. Below a brief description of property/return requests.

• 3 Family
  
  Request is $35,000.00 to cover cost of renovation. 9 month note, guaranteed 6 month return even if paid off early. 12% annual interest which equates to $350.00/mo passively and guarantee low of $2,100.00. Home is a simple renovation, will be refinancing and adding to portfolio. Secured by lien position.
• 6 Family
  
  Request is $100,000.00 for a 24 month term at 12%. Guaranteed 12 month return if note is satisfied early. This is a 6 unit, 18 bedroom building that is over 6000 square feet that we will be re positioning.

If interested, pro formas are available upon request and specific details/strategy on each property can be sent. If you would like to discuss over coffee or lunch, please let me know.

If you know anyone else that may be interested, please forward this email along. Referral fee's for any meet and greets that result in a working relationship.