New Member Alabama (Frustrated)

[Jonathan Hart]

Hi Everyone, My name is Jonathan I reside in Southeast Alabama. By trade I am a licensed realtor but my real passion is flipping homes, and building spec houses. I flipped my first home several years ago at the young age of 24 and have built a nice portfolio since then. I've recently started building spec houses as an investor using a licensed home builder to do the work. 

Long story short, the local lender I have worked with for years on flip homes, and spec homes has me not wanting to work with them anymore (best way to word it). I grew their loan portfolio exponentially, introduced them to new investors, and teamed them up with the largest builder in our area. Despite all of my good deeds they've decided they have "bigger" projects they have to fund and aren't interested in servicing my loans at this time. 

So here I am....I'd love to meet other like minded investors, developers, and flippers in my area and hopefully get some tips on whom to use for financing specs. Flip homes are not as important as anyone local will do those with a conventional mortgage. My issue is finding a lender to do at least 80% LTV on a spec.

I would also like to partner with someone that's in a hot flip market (near me) since I'm in a smaller market with very limited inventory! There's nothing more frustrating than waiting on a decent flip opportunity to hit the market!!!

I look forward to engaging with you all here at BiggerPockets