Got the deal, got some OPM, what to do now?

[Kristian Conway]

So we were able to secure a great deal on 4 single family homes! All 4 homes are in a great location for our niche market and we were able to negotiate a fair price to make our BRRR numbers work. They all require a fairly extensive remodel.

The total deal will be roughly $400,000 purchase price and rehab included. We had planned to use a hard money loan to finance the deal and then refinance following completion. However, our LLC and it's members do not have the funds to cover the upfront cash. We have raised some private capital but are being told by the hard money lender that we cannot use that money because it did not come from within he LLC.

So we have the deal, we have some OPM but we cannot seem to tie the two together and make the deal come to fruition. Any suggestions?

[Chris Coleman]

@Kristian Conway I agree with @Odie Ayaga.

Hard money lenders generally care more about your experience, the property, and the business plan. They want to see these things come together.