Transactional funding for niche wholesaling

[Aria Drexler]

I am exploring a partnership with a local investor who specializes in buy & hold house hacking with 5+bedroom SFRs (the best way to describe it would be community-oriented boarding homes). He is looking to ramp up his acquisitions, so would like me to locate deals to his specs and essentially wholesale them to him. These would be market-ready properties at or a little bit below market value, so they wouldn't be considered flips. He has explained that due to the split with his partners, he wouldn't be able to separate out a wholesaler's contract assignment fee, but if I were to do a same-day double close and set a price it would be the same to him as what he normally does with his funding. So far I have found one local hard money lender that would fund 70% of the transaction, and am trying to find sources of funding for the other 30%. I am a newer investor without savings yet, and most everyone I know lives paycheck to paycheck, so I don't have many private lenders to ask yet. I don't have enough equity in my home for a HELOC to be worthwhile at this point. I have thought about focusing on owner financing, but not sure if that would be a solution for a double close transaction. The properties I would be looking at in my area would be between $300-400k. I am still learning about how hard money works, so I don't know if you can get multiple hard money lenders in on one transactional deal. Any advice or referrals are appreciated!