I need some advice on acquiring funds for real estate investing

[Rick Rivas]

Hello, I could use some advice on how to acquire funds from someone like Funding for Flipping, I need capital at least 40k to get started, the investment group I'm with has the houses to flip and I need money to invest in the flip, the average flip takes about 4-6 months from start to finish including the re-sale of the house, and on average our investors make about 30 k per flip 20k on the low side 60k on the high side, so I just need a way to get started,any advice is greatly appreciated, Thank you

[Jim Keller]

I am just a few years a head of you. I would recommend attending every real estate meeting you can find in your area and even road trip to a city that has a good club in it.

I made a small post card that explains my needs in the way of mezzanine type finance.  Other people call it gap financing, what ever the name you need there cash to finish your propject, and will pay them handsomely. 

Here is how it looks:

80% 1st mortgage 

20% cash for purchase 

$4,000 for closing cost

$30,000 for fix up

So based on a $250,000 purchase price the 1st would be $200,000 leaving closing cost, fees and your $50,000 down payment. And the deal is yours.

I work with 4 different cash investors that give me all the cash or about $85,000 in this cash, which includes the repair cost.

Presently I have 14 going, like you said I will make 20k on some or as much as 100k :) People on the site will talk about "skin in the game" your contract to purchase and invitation to them to make a huge return on there money is your skin in the game.  Don't let anyone tell you differently, just move on until you find a real investor.

Jim Keller