All Forum Posts by: Ashley Parker

For the last year I have been on the hunt for funding. We currently fix and flip with my father in law but are ready to break out on our own. We have been searching the internet until my eyes burn. I'm unfamiliar on where the right place to look is. I have come across all these capital funding sites but get lost in all the requirements and then realize they have hidden fees that you find out about in the end. Has anyone had a successful transaction with a lending company and if so can you point me in the right direction? Thank you!!

No we have not one is currently being listed and the other is under rehab.

We have flipped several local properties in the last year and we are wanting to add to our current properties. We have two under wraps right now which has the majority of the business funds tied up. We are wanting to expand with possibly purchasing one more property but I am struggling to find the right direction to find an investor/funding company to loan the funds for the third property. If anyone has any recommendations, I would greatly appreciate it.

Ashley

Thank you all for your responses! We have tried the relative approach with a previous deal and it just got to be to much. That is the reason for trying to reach out of the box now and see what we can do in the investor world and thank you for the link for the clubs.

Ok so there are people out there charging on the lower end of interest. From what ive read its normally 10-20% for rehab/flip. I was just curious. Thank you for your response. 

I have been talking to several private lenders and for some reason I keep getting thrown for a loop. Everything starts off seeming legit and then things turn and I start second guessing the lender. I have found two that have offered me a 5% interest rate on the loan and are doing payments back like a mortgage where you can choose the years. But one I found I looked into their state business search and states the business is suspended, so of course the type of person I am I start questing this lender and she state that her company is struggling over ownership. That to me sends a red flag. What's your opinion? Also what have you came across for interest rates in your lender deals so I know what is realistic when talking to private lenders?

We are a family owned fix & flip company looking to create a working relationship with fellow flippers and investors! 😊