Updated over 5 years ago on . Most recent reply
Funding for Fix & Hold
We just moved to Georgia from Florida and looking to expand our portfolio here. Our private lender from Florida does not lend in Georgia. Our strategy is to do the BRRR method. What we have done in the past is borrow the down payment (personal loan or family) and get private lender/hard money lenders to finance the remaining balance.
We have found pretty good fixer upper deals for under $70k with potential ARV of $110-120k that would give really good cash flow, but we can't seem to find a private money/hard money lender that would lend us on such small deals.
Any advise? We found a private party (friend) to lend on the down payment, just missing the other side.