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Updated about 8 years ago on . Most recent reply

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13
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Brad Farmer
  • Realtor
  • Roseville, CA
1
Votes |
13
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What type of financing would be right for me?

Brad Farmer
  • Realtor
  • Roseville, CA
Posted

I am just finishing up my first house hack 2 year flip and am looking to flip homes in Sacramento full time. With the money I will make from my first deal, along with private money from my parents and business partner, I will have roughly 100k in funding for a flip. A flip in this area will require atleast 3 times that. With that said, where should I look for more financing options? This isnt my first experience with buying and rehabbing per say, however it will be my first deal with a quick turn around. I have some contacts labeled "private money lenders" from the REI by @David Oldenburg networking list however because I dont know what to expect, or how to approach a lender, I havent made those calls yet. Any advice on how to handle this conversation and what a potential lender is looking for would be great.

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1,304
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560
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Gordon Cuffe
  • Investor
  • Roseville, CA
560
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1,304
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Gordon Cuffe
  • Investor
  • Roseville, CA
Replied

@Brad Farmerit is easy just call and say hey I have a deal I want financed. How much money can I get from you? I know of plenty hard money brokers that only want 10% down and will finance the rehab costs . If the house is not too bad , I know of lenders that will not charge hard money rates. Just send an email or pick up the phone and ask for money and they will fund.

  • Gordon Cuffe
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