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Updated almost 5 years ago on . Most recent reply

User Stats

12
Posts
7
Votes
Dominique Gunderson
  • Investor
  • New Orleans, LA
7
Votes |
12
Posts

Funding low dollar deals

Dominique Gunderson
  • Investor
  • New Orleans, LA
Posted

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? 

  • Dominique Gunderson
  • Podcast Guest on Show #587
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