pool sale, biting off more than i can chew

[Leigh C]

Lets assume for a moment you had oohh, about 3 million in cash/recent flip purchases. Lets assume for a moment you talked a small lender who has a portfolio of about 150 homes into selling these to you (a few months back we bought a much smaller pool we customized for ourselves)......lets say the BPO value is 15 million, the actual sales price is 8 million.

How would you go about funding the other 5 million? Assume for a moment you have a local team able to handle 100+ homes a year and have a few hundred homes under your belt.

I have 20 days to find a cost effective solution......I'm thinking I should partner as these assets are spread amongst 26 states with about half in the SE of the country (where I have ample experience and resources). The other half I'm flying a little more blind. So really, i only really want the SE properties the other 4 million in cost is my main problem. Sadly, it's an all or nothing deal. Math tells me I should be able to find a hard money lender to leverage my net worth in exchange for a run at all these assets but i'm somewhat curious if that line of thinking is too aggressive and borderline reckless. I've also never worked with a lender before, i've always just used my own cash.

I'm young, and don't mind putting my money where my mouth is, but i'd hate to lose all that i've been able to grind up. Gas....brakes....which pedal should i be using.