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Updated over 1 year ago on . Most recent reply

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Nicholas Moran
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Using crowdfunding and an HML for fix/flip

Nicholas Moran
Posted

I was interested on learning more about how I can use a crowdfunding platform for my fix/flips. Can anyone refer me to a good podcast or a book. Also I would appreciate any first hand experience anyone can share. 

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Doug Smith
  • Lender
  • Tampa, FL
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Doug Smith
  • Lender
  • Tampa, FL
Replied

Hi @Nicholas Moran, I guess my question is "what's your bandwidth?" How many flips are we talking about here. If you're just doing a handful, then I would think crowd funding, which as @Chris Seveney said can be crazy expensive. If you have tons of contractors that can crank out deals and tons of available flips to do, somthing few people have right now, then I would think you're better off finding a one or two capital partners and then leveraging the deal(s) using bridge loans. Crowd Funding is better for raising a lot of capital. I would think the expense alone would defeat the purpose if you're only doing 1-5 deals at a time. I'll let others agree or disagree. 

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