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Updated almost 8 years ago on . Most recent reply

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Patrick Philip
  • Florida
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How do people finance 30 rehabs in one year?

Patrick Philip
  • Florida
Posted

I'm looking forward to doing my first. I will have to do one, then use the profits to do the next. I could probably only do 3-4/year this way. For this who rehab way more, how exactly do you finance them?

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Private lenders.  Once you have a track record of success, there are lots of people out there who will want to throw money at you for very reasonable rates (8-12%).  Many successful investors (myself included) have more money these days than they have deals -- if I could find enough deals, I could easily do 50-100 projects a year without any of my own money.  

Focus on learning the business and getting a couple successful deals under your belt.  The money will follow...

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