First Time House Flipper & Realtor Needs Advice in MA

[Ashley Pohlman]

I am a first time flipper and real estate agent out of Deerfield, MA. We are 75% through our first flip and are on the verge of running out of funds. If we don't find an investor, we will have to refinance and pull out a 2nd loan from the bank. Our original contractor, who has since been fired, completely underestimated the scope and cost of work. We recently brought in a highly established contractor & crew who are wrapping things up. Work should be complete by early August and ready for market. The property is located in Northfield, MA - 2,900 square feet, 4/5 beds, 2 baths, 1.34 acres - quartz counters, marble backsplash, stainless appliances, bamboo floors, 2 decks, whitewash shiplap and completely furnished/staged (I am also a realtor and home stager) - very high end look. We are searching for an investor to partner with to finish out this house and fund future flips. We currently have a rehab loan with Greenfield Savings Bank. 

About me - My husband and I personally rehabbed a 4 bedroom home on Cape Cod 2.5 years ago and currently pull in $3,100 per week in Summer, and $300-400 per night in off season. We purchased the property for $345K and now NET $25-30K annually. I manage the rentals through Airbnb and VRBO. I have since helped another couple do the same thing. They purchased their property for $390K and are pulling in $4,000 in the prime 8 weeks of summer. I found the house for them and was their realtor on the transaction. I am also a certified Home Stager. I was previously a math teacher and basketball coach. After having our son last January, I decided to take the leap and follow my heart to real estate. My vision is to create a highly successful real estate empire - comprised of both flipping and vacation rentals. Any suggestions/guidance/help would be greatly appreciated!!