Please help - advice needed to complete two flip properties.

[Chris Garnes]

We have two flip homes and are possibly looking for investors, or to get a loan. I am not sure which is best for our situation or what to pitch. We are experienced and have never involved anyone in our projects and have never used a loan outside of a conventional mortgage. BUT, I am sick living in construction and would like to move to a new home and then finish fliping and sell or hold the two homes asap. Perferably sell one, hold the other.

Home 1: No mortgage. Currently down to studs with plumbing going in. The new design takes the home from a 3 bed, 2 bath to a 4 bed, 3 bath, 2,400 sq ft rambler on a large lot in highly desired area. Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing. HVAC is good) ~$90k. I am a professional cabinet maker and my father is a master plumber.

Estimated sale price once complete $500k+

Home 2: 210k mortgage. 5 bed, 3 bath redesigned to 5 bed, 4 bath, 3,000 sq ft. Needs all new cabintry, windows, doors, roof (has some life left), fixtures, fencing, some electrical and plumbing changes, and some framing/drywall due to termite damaged sill plate in areas. This is our current residence.

Estimated sale price once complete $600k+

What would you do? I'd like to keep savings and be able to hire out some of the work (something we have not done in the past).

My thoughts are to put both into an LLC and look for investors or a business loan, and purchase and move to a new home. Have both homes completed and sold in less than a year.. and then are taking a much needed break from construction:)

Any advice or ideas would so appreaciated!