Financing Multiple Flips
I am a new investor looking to fix and flip to raise capital for buy and hold.
My father/partner has 40 years experience in the construction business including home inspector, architect and self-employed project manager for several real estate investors in Philadelphia. He has managed dozens of rehab and complete rebuilds throughout Philadelphia ranging from SFH to 50 units apartment buildings.
Our goal is to flip 5-10 properties per year. My father will be handling the property assessment and construction. I will be responsible for networking, finding the deals and securing financing.
What are some options we have for financing? Would we be able to use his track record to get bank financing? Would private money be the best bet?
Thanks!