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Updated 5 months ago,
Seeking Capital Partner to Assist with Finishing a Flip - Denver Metro Area
Hello:
Thanks for reading my post. I am an experienced house flipper with a few under my belt. I suppose it had to happen eventually, but I now find myself in "one of those deals" that just has not gone right. I was a little off on this rehab estimate a bit to begin with, but have also encountered many unforeseen issues that have caused me to be overbudget to the point where I will not have enough cash to finish the project. The contract on this closed quickly and I was forced to partner with a HML that I was not familiar with. As a result, I did not get the best terms, which is also compounding the problem.
I am an experienced general contractor. I know what it's going to take to finish the project, and I have a plan for how to accomplish this, but I need a cash partner who can come in and inject the cash to get it done. The property will cash flow (even with the issues) once completed. I have other means to find the money, but this would involve refi on my primary, which I would like to avoid. I am open to discussion on terms with the right person. The project is currently about to begin drywall phase, and I hope to be able to finish within 2 months.
Please reach out if you think you can assist, and I will look forward to speaking with you.