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Updated about 10 years ago,

User Stats

110
Posts
20
Votes
Shayne Brescia
  • Investor
  • Milton, PA
20
Votes |
110
Posts

Money money money!

Shayne Brescia
  • Investor
  • Milton, PA
Posted

So business has been going well.  Thanks to BiggerPockets, I have the best partner/mentor/construction manager that I could have ever hoped for.  We have successfully worked together to push through on multiple projects.  Currently we have one house on the right track towards completion, one home working it's way through probate court, and other homes under contract/with accepted offers.  We have a private lender that my partner already has an established relationship with who has no problem buying the properties for standard hard money terms.  Now we are at the point where all our own cash is dried up.  I am almost $100k out of pocket on down payments and rehab money on all fronts.  

For all of you experienced rehabbers that have multiple fronts... what should be my next steps towards getting the money needed to rehab these houses?  Should I just dump any future projects and wholesale to bring the capital back?  Go to the banks and start that dialogue so maybe they can work with me in the future?  

This isn't a question that has a definitive answer.  I am just looking for some avenues to explore for the future!

Thanks!

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