California Private Investor, Flipper, Wholesaler, Lender

[David Oldenburg]

It is great to be here on BP. I have been watching the site for some time, and decided to upgrade to a Plus for now. I do a lot of different things in private money and private lending, but mainly just like making money :-)  I usually do deals with my own money, partner with others, crowdfund or raise capital with other means.  I am also a good resource for newbies who need help, or a second opinion on a deal or how to structure a deal.  I look forward to networking and getting to know others :-)

[David Oldenburg]

@Jay Luke I have hard money sources and can do 80% LTV.... That would be your best bet for what you are doing. It looks like you have about 20% to play with, but many of your private investors are not going to loan at 80% LTV. With that being said, if you are offering an investor an additional cut of the profit, you may get someone to loan you 80% and even 90%, depending on the cut. I have actually loaned 100% of cost and 100% of rehab, when I felt the deal was really good and I was also given a 50% cut of the profit. Everything is negotiable, so you just have to find the first property and start speaking to people like me, and others here on BP.