Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 3 months ago,

User Stats

13
Posts
10
Votes

Private lenders/ DSCR/flippers

Posted

Good morning,

I'm looking for some lenders for some quick fix and flips in my area after the last two hurricanes. 

There are a large number of flood/damaged property's listed for 50%+ off of the original value and in very desirable locations. 

I'm looking at 2 deals hard right now, one has an ARV of about 600k going for 350k now, and another with an ARV of 550k-590k going for 310k.

I have a trustworthy and efficient crew that will do the reno's for me, I'm seeing what I need to do on the financing side. 

Also, open to syndications in this area to get these houses back up and in order. I'd like to do 5 flips from now until the next hurricane season strikes next year. 

My real estate experience thus far has been buy and hold although I have used the crew to do several jobs for me and have referred them out to others I know who have had only great thingsto say about them. 

I'm seeing deals all over town, if I can swing a big enough club, it would be highly worth it to pick up some of these beach properties that are now listed for up to 80% off value, rehab and flip them. 

Loading replies...