Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

17
Posts
14
Votes
Sheri Lowrance
  • Rental Property Investor
  • Arvada, CO
14
Votes |
17
Posts

Suggestions re lending rehab funds as a 2nd mortgage.

Sheri Lowrance
  • Rental Property Investor
  • Arvada, CO
Posted

I'm wanting to learn about flipping in my local area. I met someone through Linked In that has a company that has been successfully doing fix and flips in Denver for about 1 year. He is offering me 10% interest for me to fund about $80K for the rehab portion of a property they just put under contract. My concern is I would only have a second mortgage position. They've got relatively low rates previously working with a hard money lender. Normally I would not consider a 2nd position, but am really wanting to work with someone willing to teach me threw this flipping deal. What suggestions or feedback do you have for me regarding this?

Loading replies...