Down payments for flips?

[Jake Denning]

Hello everyone, I wanted to see if anyone has run into the same scenario. I just purchased my first flip with a hard money loan and now most of my capital will be tied up into that property. However, I have had yet another great flip come up but now my capital is all tied up for the next few months and I basically need another 10k to secure another hardmoney on the second home. Any advice on raising the capital... Personal loan or some sort of line of credit? I have really good credit but I don't particularly want to wholesale this second deal.

[Ryan M.]

Offer a friend, family member or colleague a % stake if they invest the 10k.  50% of something is better than 100% of nothing.

I know you can get unsecured LOC too. Gonna pay a hefty % rate, but it's money.

https://www.santanderbank.com/...