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Updated over 4 years ago,
Funding low dollar deals
Curious if anyone knows any strategies for funding low dollar deals with hard or private money?
Currently I am flipping properties with low purchase prices (from $20k-60k), and fairly high rehabs (from 40k-70k), and reselling in the $115,000-130,000 range. I’m using all cash to buy and rehab right now but would like to start leveraging my funds with hard or private money. I really like the niche that I’m working in, but most companies I’ve spoken to have a minimum loan amount of $75,000 or $100,000 though, so I haven’t found anyone I could take a hard money loan with yet.
Any ideas or suggestions at ways to fund low dollar projects like this, other than cash?