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.
New Member Introductions
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 over 9 years ago, 04/13/2015

User Stats

137
Posts
42
Votes
Troy Whitney
  • Contractor
  • Seattle, WA
42
Votes |
137
Posts

alternative funding sources?

Troy Whitney
  • Contractor
  • Seattle, WA
Posted

So, I'm looking for information/suggestions on getting started raising private capital to buy more properties in Philly.  I have a credit score right around 800, own 3 properties outright in Philly, have significant equity in two other houses in the Seattle area and a have a commercial property as well in Yakima, WA (great little investment that's been doing nothing but make money for almost 8 years).    My issue with traditional lenders is that I had some stock market losses last year and the lender I was working with didn't like my K-1, which is understandable but frustrating that anything I want to do ties up so much cash.  It's also insane to me that these guys won't let me borrow against properties that I currently have 100% equity in with my current guaranteed income and credit score.  Other than a couple of pieces of real estate and credit cards I pay off each month, I have zero debt. Hard money is a nonstarter for obvious reasons.   So yeah - I would love to buy more properties in Philly - I think it's a gold mine (I can't even believe the deals I'm finding there).  If anyone has ideas, knows people that want to invest in Philly, etc., please let me know.  Thanks.

Loading replies...