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Updated about 8 years ago on . Most recent reply
Frustrations with Funding
We started investing in Real Estate in March of this year, with a 20+ year construction background. We have one flip that is completed and on the market and another that keeps hitting delay after delay. Each time we analyze we keep coming back to the need for more capital. We have been spinning our wheels trying to get a LOC or something to help us push these schedules. We have been working with a broker since September we have gotten multiple pre-approvals or approvals and then at the last second someone changes their mind.
Things are getting super tight, we have a ton of potential profit in these projects but don't seem to be able to leverage it.
Looking for any creative suggestion, advise, a credit partner, a PML, something to help get us going! UGGGHHH
Most Popular Reply
@Suzanne Griffiths offer up some equity on one or both of your two existing projects and you will find a private money Lendor.