All Forum Posts by: Mason Young

I would suggest TBREIA as a route, they have their monthly main meeting plus 6 smaller meetings that you get access to. They are also really focused on education which would be great for your stage right now. Hope to see you around!

To throw my two cents in here, the best thing from a lenders perspective is to have everything lined up when you apply for funding. Have the P&S agreement if possible, your business docs, ect ready that way the lender can immediately get information down and start processing and get you moving to closing quicker.

Depending on your relationship with a bank you may be able to get a large line of credit also. That might be a route if you are finding deals cheap enough and that can be flipped quickly. 

As for obtaining a lump sum, I know thats not something we do, and I have not really seen any companies that will just  give you capital unless you find a lender who does business loans, and even than it might be a stretch.

Another option would be to partner with some one who does have the capital for at least your first few, or maybe getting a few wholesales or other flips down first to build capital, then going after the auctions. 

Hi Matthew,

To piggy back of of what Charles said, refinancing is definitely an option if you have the equity. I would also encourage you to look at some hard money options, some of them may even be able to cross collateralize your property if you have enough equity to reduce your down payment. Traditional banks can be iffy about investment properties especially purchase, although that comes down to your personal relationship with your banker and your income. I have even seen banks give out some large lines of credit.