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Updated over 11 years ago on . Most recent reply

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Matthew Joyner
  • Bakersfield, CA
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New to the forum.

Matthew Joyner
  • Bakersfield, CA
Posted

Hello everyone, my name is Matt and I'm new to Bigger Pockets. I started working residential rehab at 17 and somehow drifted over to road construction. I'm 27 now, in California, and my heart has never left rehabbing. I've listened to almost every episode of the podcast and have gained tons of knowledge, am still learning about how to seek finance for my first flip, but have been overwhelmed with ideas and excitement for years. I look forward to reading all of your stories and posts.

I would like to thank BP for this network and all of the information they have delivered. Have a blessed day all.

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Will Barnard
  • Developer
  • Santa Clarita, CA
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Welcome to BP Nation. As far as funding your deal, you have many options. If you market direct to motivated sellers with free and clear or equity positions, you can negotiate seller financing. You would then need capital for your rehab and holding costs which can be obtained via private lenders, JV partners, hard money lenders willing to do second position notes, or your own cash.

Start with people you know for acquiring private money and let everyone know what you are doing. The soft approach is the best in my opinion.

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