Finding a Portfolio Lender

[Chukwuemeka Ogbonna]

Hello All!

I just recently took down a flip off the market, with a partner, because it attracted no buyers for about two months. I know the reasons why it hasn’t been selling so we are fixing the issues with the property and are going to refinance and put it back on the market in about a month or so. I currently reside in Kansas City and I planned on using the proceeds of the flip to do my first out of state deal in the Florida market. I am a rookie and this flip is only my second deal I’ve done, but I am eager to keep the momentum going as this was my second deal of the year.

I have about $50k in equity in a SFH long term rental, and I was wondering would that be enough for a portfolio lender to lend to me to get my next deal? If so, how do you find a portfolio lender out of state? Google hasn't been my best friend for that answer! Any advice would be much appreciated!

[Eddy Ogbekhilu]

@Chukwuemeka Ogbonna .welcome to BP family...