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Updated over 9 years ago on . Most recent reply

I am in desperate need of funding
I am in need of funding. I lost two properties already under contract and $10,000. I have 2 more under contract and they are solid, I just keep getting people who want more than I can part with to make the deal work. I'm not cheap I'll even go 50/50, but after anticipated repairs and holding costs I seriously will be net to net just over even.
Can anyone recommend someone who is looking for long term success with a reasonable decent guy? One that isn't looking for a grand slam out of my pockets.
I'd explain the deal but in a nutshell two properties $125k with an ARV conservatively from MLS $170k $10k repairs. Also $77k with $25k in repairs for an MLS comp of $160k. Anyone who can help it would be appreciated.
By the way I know a dozen hard money lenders that's my problem. I even know people brokering out hard money loans independently for hard money guys taking a cut.
Most Popular Reply

Sounds like the hard money is your best option. They are expensive, but it puts you in the game. If they are great deals, wholesale them. I don't see many other options, as you have already found cash partners, and they are telling you what they need for the risk on your property, and you didn't like the terms. If you have 900k in properties that are unleveraged, look to a portfolio lender that will lend to an LLC, and not based on your personal credit.
Maybe time to sell one of those properties to free up some seed money.