Finding financing for a first fix and flip as a student.

[Samuel Maaiah]

Hello everyone!

I am looking for some advice and information regarding how to get financing for my first fix and flip. I start summer break in a few days and would like to spend the summer/fall flipping my first house. My issue is financing the project. I can currently show $1500 a month in income. I am not looking to make a huge profit, more to learn and maybe make a small profit in the end. I plan for the property to be in Omaha, NE. Any advice on mortgages, down payments, and how I can get approved etc. would be great!

Thank you,

Sam

[Cory Cutchall]

I think you’d be hard pressed to find a lender to loan on a property.  There have been threads about investment financing in Omaha.  I’d give quite a few a call to see if any would lend.

I imagine the best path is it to look for deals, partner with someone experienced who can carry the financing and you get a cut/percentage and/or finder’s fee, as well as, starting your track record of doing deals.