How Do I Finance Rehab...?

[Jason Eyerly]

Hello All,

Being that I have little to no capital and I'm as eager as can be to get my first flip completed, I was wondering if someone could advise me on financing. I have to use HML to obtain a property, but if my HML doesn't allow for the covering of repairs, then I also have to finance the rehabs somehow. That being said, is there a way to finance the purchase and rehabs without having a proof of income? I have good credit, but without the income it's almost entirely useless.

I'm planning on wholesaling as much as I can as often as I can to build up some cash for flips, and am planning some ads for Facebook, Google, and direct mail, as well as looking through the newspaper for foreclosures, pre-foreclosure, and foreclosure auctions for some leads. My business partner and I are hoping on having some cash to invest for repairs soon, but I'm not sure we could cover anything in excess of $20,000.

Thanks in advance.

-Jason Eyerly