Raising Capital
Hi all,
I am looking to get some insight/advice on different avenues of raising capital. I am looking for flips in the Southern California area. I have one flip under my belt and looking to put my profits to work. I am currently seeking equity partners and/or personal loans as viable options.
My goal is to purchase distressed property, rehab, and sell. I would like to raise more capital for purposes of submitting all-cash offers. With the amount of capital I currently have I am looking at 450k - price range with conventional financing (not very competitive in this LA market). I am missing out on potential all-cash probate, short-sale, and auction deals because of cash restrictions.
Any insight/advice would be much appreciated. I am also open for JV opportunities.
Thank you BP community!!