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Updated 9 months ago on . Most recent reply

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89
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Season Price
  • Flipper/Rehabber
  • Maryland
34
Votes |
89
Posts

How to find transactional funding

Season Price
  • Flipper/Rehabber
  • Maryland
Posted

Hi. I am trying to find transactional funding for double closing in Maryland. I went to the lender forum here, but I was matched with lenders who don't offer what I need. What is the best way to find lenders with solid reviews since I am not allowed to ask here directly? Thank you.

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,317
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7,926
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Season Price Usually, when we are searching for lenders, title companies, plumbers, etc. it's best to ask other investors in your market who they use. And I know, you were posting here to find out what other investors are doing...but you you can see that only (out of state) lenders are responding. And how do we know if they are any good? How do you know if I am? Hard to say until you go through the process...but other real estate investors in your market HAVE worked with other lenders. And while nothing is foolproof, that's usually the best way to start.

So, try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Bigger Pockets even has a little link at the top of this page "Find a lender" - try that. Even facebook might have some good local groups for you. Some of those facebook groups have thousands of members. Eventbrite too. And remember, this goes for ANY vendor that you need. Post locally for this. That’s the best bet.

  • Andrew Postell
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