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Updated about 8 years ago on . Most recent reply
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How Do I Raise Capital?
Hi All,
I currently have a hardmoney lender that has your typical rates but allows us to only put 10% down. With our current resources we can do about 4 flips at a time. The problem is that we lose other good deals while our cash in tied up in the rehabbing process and hold times.
My question is what have others done to raise more capital or free up cash? I currently draw my salary from the income, so of the profits go towards my salary which slows down my growth as well...
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@Craig Moore unfortunately my family doesn't have much capital either. Doing business with family can strain the relationship in my experience and don't always follow through.