Obtaining additional Capital for our Fix/Flips to Scale Faster - Suggestions?

[Tony Pellettieri]

We just started to Fix & Flip using our own capital a few months back and currently have two projects that are both about 3-4 weeks out from completion. I decided to commit full time to learning this business as I knew starting out, even after studying real estate for the past 4 years, it was going to be a tremendous learning curve. I'm fortunate to have found a great GC to work beside me that will be our Project Manager to pull permits, and Subs/Handyman to complete all of the required work.

We have some additional capital on hand that exceeded what we needed to complete our first two projects and recently came across a deal that we didn't want to pass up that our crew is able to take on. We just put it under contract yesterday. That'll be flip #3.

Our plan is to sell the 2 houses which we expect to make nice returns on, invest all of our profits back into the purchase of 3-5 more properties, and scale as quickly as we can. We've made some mistakes along the way to say the least, which was expected, but they have led to many lessons learned.

My question is... What forms of borrowing/lending would be best to access the capital we need when we find a deal we're interested in purchasing? Starting out, once a funding source is lined up, I'd ideally like to put under contract a deal a week for the first couple of months while ensuring the team we have in place is able to handle the work we take on while making adjustments as needed.

Our target properties are able to be purchased for 40k-60k, need 15k-70k in repairs, and have an ARV of 125k-225k+ depending on the extent of the rehab involved. We plan for our holding time moving forward to typically be 10-12 weeks up to 4-6 months depending on the SOW.