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Updated over 5 years ago, 09/09/2019
Hard Money/private money
I am getting ready to close on my second "brrrr" single family dwelling, using my HELOC to fund it all. In my effort to find more deal opportunities, as soon as I got the most recent one under contract, I have had a few more promising deal opportunities pop up. My plan has been to take it one BRRRR at a time using my cash and HELOC. However, I have had a really promising flip opportunity pop up today. In the area it is located, it wouldn't make for a great rental, but its a potential great flip. My only option will be finding a different source for funding purchase and rehab. I have no experience with hard money or private lending. Any advice, recommendations, etc?