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Updated over 4 years ago,
Proof of Concept Down...Now How Do I Scale Up?
Hi there, my name is Sawyer! I've been involved in the real estate world for over 4 years now and have learned several faucets of the industry. I started out working business development for Marcus & Millichap (helped my sales skills and gen. real estate finance), did acquisitions and project management for a small real estate developer (learned acquisitions, increased my renovation knowledge), was an underwriter for Fund That Flip (developed strong real estate analysis skills), have been an agent for 3 years (gen. real estate sales understanding), and have flipped two properties on my own successfully and have 3 more in renovation currently.
I launched my own company and now work full-time as an investor. My credit is in the mid 700s and I have $50K+ in the bank, my BIG QUESTION here is where do I source additional funds to scale my operation and grow? Does the SBA offer loans to real estate investors like us? Do you know of any banks that help smaller time investors with some experience and cash scale up with funding?
At this point in my career I feel pretty confident in handling several projects at once and coming out profitably, I know I can rinse and repeat and take on a lot more however with the amount of cash I have right now (even if I spread it out with other financing methods) can only do 3-4 a year when I'd like to do 10+.
I am open to any and all suggestions! Thank you.