Wholesalers always like experienced investor but people just starting also need deals and they simply just don’t know to go to wholesalers if you can build their trust of wholesalers it can go a long way, then introduce them to hard money as a way to finance the rest of the deal- they don’t need income verification with hard money good luck :)

By the way, if he purchased it in Sept and he's just now seeking additional financing, you should question this a little.

This is a Conventional Loan, and it's where the lender will finance the land and construction all in one, however you are avoiding HML/PML's.

I'd first look at local credit unions and then expand outwards from there and know you can sometimes get financing outside of the state.Another option is to work with a private money lender.

I could definitely use more confidence and knowledge when it comes to the financing side!

Which means I will still need to finance about $400k for each property at about 9% rate (the rate is high because we'll using a commercial loan as we'll be purchasing the properties under an LLC).

How did you finance this deal?

@Eric EdlingThis sounds like seller financing which has been around since the advent of time.

Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.

The seller seems motivated to sell, which has piqued my interest in exploring alternative financing options.I'm seeking advice and insights from the experienced members of this community who have successfully utilized creative financing strategies in the past.