Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago, 06/27/2023

User Stats

75
Posts
70
Votes
Griffin Malcolm
Pro Member
  • Schenectady, NY
70
Votes |
75
Posts

Sourcing Private Money

Griffin Malcolm
Pro Member
  • Schenectady, NY
Posted

Hey all, just got my first house hack this spring and am thinking about how to get my next property. My house now needed a new water main, sewer line, roof, and electrical work, so I've gotten a good group of people to work with so far. This gives me more confidence to tackle a flip. 

After my first purchase, I have about 12k in the bank and another 15 or so in stocks I could utilize if need be (would prefer not to touch this). Took out a 33k home equity loan to pay for these repairs. Currently make 60k at my job. I can't get another owner-occupant loan until next spring, so I'd have to do a 20% down investment property right? If so, how do you guys go about sourcing private money to pay for flips? Is private money even what you'd do in my situation?

  • Griffin Malcolm
  • [email protected]
  • Loading replies...