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Updated about 1 year ago on . Most recent reply

User Stats

13
Posts
7
Votes
Adam Reilly
  • Round Rock, TX
7
Votes |
13
Posts

Looking for reputable private or hard lenders for land flips

Adam Reilly
  • Round Rock, TX
Posted

I've been working on building a land flipping business and currently have about 8 leads in active negotiation and 3 signed purchase agreements, with 1 working through funding. I think that the deals I have on the table and the ones likely to come in this year (I have a very consistent mailing schedule of blind offers), I will need to ramp up the money side, but that has been my biggest struggle so far. I've been going to local meetups looking to find some interested financers, but most or all of them were only interested in house flipping or LTRs. 

I could use some help finding some places or people that would be interested in funding these types of deals.

Most Popular Reply

User Stats

14
Posts
6
Votes
Joey Zawacki
  • Investor
  • Macon, Ga
6
Votes |
14
Posts
Joey Zawacki
  • Investor
  • Macon, Ga
Replied

What’s is your length of term for the loan/s? It is transactional and you already have an end buyer? Are you buying and holding for an extended period of time past 3 months? Past 6 months? What’s your exit strategy and use of the acquisition? These are important to know for a lender, but also for us to advise the best way to raise and seek capital

  • Joey Zawacki
  • Loading replies...