My million dollar first flip

[Account Closed]

I live in the SF Bay Area and have been through lots of renovations (5 properties) through the years, but I’m working on getting my first real flip and use of a private money lender.

I’ve raised 1.1 million but need to raise the remaining 150K. I’ve put many requests into private lenders but haven’t had luck.

Can anyone recommend a strategy to raise the remaining fund in next few days? Ive already considered credit cards and family and friends.

[Jay Hinrichs]

well as @J Scott said and especially if your doing a true JV the partners need to come up with the 10% or no one does the deal.. I understand though if the money wants YOU personally to have 10% of skin in the game.. that's pretty common.

normally how we see these larger west coast deals is you have HML in at an interest rate with 70% and you bring in Gap funding or JV partner for the 30% and you contribute whatever you guys agree on.

gap partner should make equity since they are taking big risk behind a large first mortgage..