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Updated almost 6 years ago,
I need money for pre sold build for rents in Florida
I have been building new homes for investors over the last four years. I find this a much smoother experience than building retail. The only problem is that I currently have too many buyers (yes I know that’s a good thing) and not enough capital to build enough homes to meet the demand for my investors.
All of my buyers put down $7,500 deposit with contracts. I am averaging 8 weeks on turnaround time from contract to close. We have enough buyers that want to take down 50 per month. We just need the capital to build more than we are doing now (averaging 5 per month).
Any advice on who I should talk to about private financing?
All replies are greatly appreciated!