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Updated over 10 years ago on . Most recent reply

Account Closed
  • Investor
  • Charlotte, NC
44
Votes |
159
Posts

Bridging the gap

Account Closed
  • Investor
  • Charlotte, NC
Posted

I'm considering using a HML for my first flip, but funds are tight. What strategies have people used to "bridge the gap" that the HML won't cover? For example, a generous HML will lend 80% of the purchase price. But obviously that leaves an additional 20% plus rehab costs to cover the flip. I know this is where the "skin in the game" phrase comes from, just wondering what combination of private/personal/extra financing folks are using.

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