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Updated over 7 years ago on . Most recent reply
Need more capital to quit our jobs!
My wife and I are fix and flippers in Dallas, TX. We are working on our third flip in 2017, set to hit the market next month.
The ONLY reason we have our full-time jobs right now is the need for conventional lending to purchase our flips. Our bread and butter is purchasing homes in the 300k-400k range. We don't have that kind of capital yet to be cash buyers.
We'll have enough (once our current project closes) to put 20-25 % down, cash to renovate and money to live on.
If we want to quit our jobs right now, what are our options for financing our next project?
Most Popular Reply
Have you thought about using a hard money lender?