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Updated about 7 years ago on . Most recent reply

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Ted Strzelecki
  • Rental Property Investor
  • Boston
25
Votes |
45
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Financing multiple projects at once

Ted Strzelecki
  • Rental Property Investor
  • Boston
Posted

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 

Most Popular Reply

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3,414
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4,014
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Charlie MacPherson
  • China, ME
4,014
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3,414
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Charlie MacPherson
  • China, ME
Replied

@Ted Strzelecki I'd reach out to @Ann Bellamy to see what she can do for you.

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