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Updated 13 days ago on . Most recent reply

User Stats

9
Posts
4
Votes
Jorge I. Pimentel
  • Rental Property Investor
  • San Diego, CA
4
Votes |
9
Posts

Private Money Raising for Fix and Flip in San Diego

Jorge I. Pimentel
  • Rental Property Investor
  • San Diego, CA
Posted

Hello, 

I am a new investor in San Diego County. I am looking to start my investing journey with Fix and Flips in San Diego. My buy box is SFR 3 bed, 2 bath, less than 2,000 sqft. and below 800k.

My current bottleneck is the down payment needed for the flips. I have already talked to hard money lenders and got the pre approval. I am also in constant contact with wholesalers. I also already have 2 GCs lined up. Where I'm currently struggling is coming up with the necessary funds to cover the 10-15% down payment and remaining funds for the interest payments on the hard money loan, etc.. I have a decent amount of money saved up, however; it is still not enough to cover the amount needed for this market. 

Any suggestions on how to find private money investors locally? Thank you in advance for any feedback and help!

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