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Updated over 2 years ago on . Most recent reply

User Stats

230
Posts
139
Votes
Matt Stewart
  • Flipper/Rehabber
  • Pickerington, OH
139
Votes |
230
Posts

Financial partner(s)/funding needed for flips in central Ohio

Matt Stewart
  • Flipper/Rehabber
  • Pickerington, OH
Posted

Earlier this year I really stepped up my direct mail and other marketing to motivated sellers in the Columbus Ohio area. Momentum has been building to the point now where I've nearly maxed out the private lenders that I'm currently working with. I hate the idea of turning away solid deals so I'm looking at new funding options. The numbers on the most recent contract are $186k purchase + $30k rehab, $300k ARV. Property is located just east of Columbus with about 1 acre of land.

I've completed over 100 flips dating back to 2008 and have a crew and plenty of subs to get the work done.  I have done 50/50 split deals in the past, but I think there are better options now with rates still relatively low.  I do have a couple traditional lenders that I can work with, and I'm not really looking for hard money.  But I'm open to any recommendations, suggestions, or interest.

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