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All Forum Posts by: Jonathan Norris

Jonathan Norris has started 4 posts and replied 5 times.

I own two homes, one in Vegas and the other in Lancaster.  I am having issues acquiring a loan or line of credit.  My loan to debt value is too high because I have two mortgages.  I need advice on where to find a loan where as I can use my equity from one of the homes to use it as a down payment to fix and flip a home.  Can someone guide me to a company that can assist in situations such as this or guide me down a path that will allow me to reach my goal?

I own a home in Vegas as well as in California. I would like to use some of the equity from one of the homes as a down payment to fix and flip a home. Because I own two homes my loan to debt value is too high and I cannot refinance or get a credit line. What suggestions can you give or is there a path I can follow to get approved for a loan?

Post: Down payment help fix and flipping!

Jonathan NorrisPosted
  • Posts 6
  • Votes 2

Thanks so much.  I got my work cut out for me.

Post: Down payment help fix and flipping!

Jonathan NorrisPosted
  • Posts 6
  • Votes 2

I am new to the game and currently reside in Lancaster, CA, Los Angeles County.  I am looking to begin fixing and flipping homes in my area.  My biggest obstacle is finding money to give a down payment to receive a hard money loan.  I need to get my feet wet, but can't seem to break into the game.  I spoke with lenders that said lets try again next year but for me that is not an option.  The game begins now.  Can anyone provide me any advice on locating private lenders and/or lenders that will provide 100 percent of purchase and rehab costs?  Thanks in advance.

Hello all!  

I am new to flipping.  I have been trying to educate myself as much as possible, now I am ready to hit the ground running.  Now it's time to  build a team.  I am looking for real estate agents, Private investors, lenders, and contractors. Ready to begin projects in the Antelope Valley, Lancaster, Palmdale, Rosamond.  Would love references as well.  Speak to you soon!