All Forum Posts by: Rod Mcdaniel

Looking for financier

Since my last posting I was able to close a very small deal and make a small profit. I also focus time on partnerships. I started an investment club consisting of real estate investor, general contractor, project mgr and a quality control supervisor. We are looking at a project that will need financing with creative financing our VERY first option.

The project is construction of 3 houses (2) 3 bedrm and (1) 4 bedrm with buyers already in place.

The first house to be built is the 4 bedrm 2 bath, $150,000.

If anyone is interested in this project post your comments and questions and I’ll be glad to answer.

Great advice Jon thanks...

RM if i do find someone i'll let you know...

Ok guys, I need a little professional insight and guidance!

I’ve obtained a commitment to fund a project from lender A (65%). Can I use the LOC as leverage or collateral to secure additional funding from lender B (35%) to close the deal?

If so, what is the best way to approach the this?