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Updated over 7 years ago on . Most recent reply
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Hard Money Loan/Private Funding
Good evening,
I was interested in acquiring a hard money loan/ or private funding for flips. I have a long background in the construction industry as well as being a building inspector. I have been on the physical aspect of flips with family members, and friends, but never the funding aspect. So I'm a newbie when it comes to securing the funds to start. And i know in the past the people i worked with went through conventional loans or house hacked.
So can someone help guide me to where i can procure this type of funding. Obviously google brings up all kinds of sites, but id feel better using a place that someone has had positive feedback about!
If it helps im in the western suburbs of chicago.
Thank you in advance!
Most Popular Reply
Welcome to BP @John Widlacki and congrats on your decision.
In my opinion, a good first step for you is to find some local REI meet up groups in your area and start networking there.
Ask a TON of questions.
Your experience in construction is an asset and will be of value to folks you're networking with and they will most likely be able to steer you in the right direction..
I'm sure Chi-town has many meetups.
Best of luck to you!!