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Updated about 7 years ago,
Financing multiple projects at once
Hey BPers! So I have a scenario where I own my personal residence, another duplex and have a small HML on it and came across another 3 unit that is a homerun. Here is what I am trying to accomplish.
-I am looking to do a flip on my personal residence. Current value is approx 70K (paid off) and pull another 70 from it. ARV is 210K
-Secondly, my duplex is another project I would like to finish. I currently owe 30 on it, need an additional 30 for it. ARV is 225K The duplex is a fix and hold asset.
-Finally the three unit I have found I can obtain it from a bank for 100K and it needs merely 10K. This will gross over 2600 month. How or where can I turn to for financing help with these? I have a very strong background in construction and residential remodeling. Been a master licensed contractor for 20 years. Any suggestions on either PMLs or any other avenue for these? Thanks in advance BP!
These are all in Massachusetts