Private Capital or BRRRR Property (Chicken/Egg Help)

[Jeremy Schrader]

Good afternoon!

My wife and I have developed what we affectionately call a “starter portfolio”. A single family home, a duplex, a triplex, and a short term vacation rental.

While this year has been fun, we are trying to build towards a true long term investment strategy, and continue to grow.

Where we live (Upstate/Western NY) real estate reliably slows down when the weather turns cold and the snow piles build. That being said it’s a great time to buy.

We would LOVE to get a SFH/Duplex BRRRR project for the winter, while we save for another investment next fall, but to accomplish this winter's goal we are running short in capital.

I’ve never spoken to a wholesaler or hard money lender. I have a great contractor, but what comes first here? The home or private lender?