All Forum Posts by: Peter Brock

Thanks @Andy Rousch!

Thanks @Savannah Holzer!

Thanks @Robin Simon!

Thanks @Nathan Gesner!

Hey everyone! Just dropping a friendly note to say hey. I'm a real estate finance broker and love talking real estate leverage! Hope you all are well! 

I think you're on the right track from a business plan standpoint. To get more granular - one of my stronger investors funds at less than 10% down and covers 100% reno costs. You'd be responsible for 12-months of I/O payments but there is no pre-payment penalty so 6-mos is fine. But experience is required and that means "exits from your own flips." Without that it stops us dead in our tracks.

I'm sure there are private investors who will fund the structure you're looking for, it's just harder to find. A lot goes into that decision for an investor re the scope of the work so finding someone ready to invest in that can be a challenge. Feel free to reach out any time with questions or projects you'd like to get consideration on. 

Hey @John Kilmartin, I place hard or private money at less than 20% down for fix/flips. That financing includes your minimum down payment, they're funding of the purchase and rehab, and your I/O payments. Finding someone who is willing to tie up capital for 12 months or so exists, it's just harder to find.

The bigger issue with most of the lenders I work with is your lack of experience. Lenders view experience as projects you were liable for - not projects you've overseen based on someone else's financial investment and risk. So sometimes having a partner who has done a few can provide some good terms for financing these opportunities.