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Account Closed
  • Real Estate Agent
  • Chicago, IL
1
Votes |
3
Posts

Best place to find/look for Investors?

Account Closed
  • Real Estate Agent
  • Chicago, IL
Posted

Happy Holidays everyone! Wishing you and your loved ones happiness, health, and wealth!

2019 is coming and I am ready for my step into development / flipping. I’ve done my homework on financing options such as traditional loans to hard money lending. But feel a private investor(s) would be my best route as a “starter”.

Bit of background on me.

Was General Manager for a entertainment venue raking in 8million plus a year with 60+ employees for 4 years.

Property manager for the last two years on my personal income properties.

Licensed realtor in IL since August of this year.

Family has been flipping since I can remember with family in all trades from Carpentry, Electrical, to Plumbing etc.

Have flips with a need for a initial investment of around 100-150k. Need help, where do I look?

Thank you so much.

Most Popular Reply

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Tim Johnson
  • Lender
  • Grand Rapids, MI
446
Votes |
703
Posts
Tim Johnson
  • Lender
  • Grand Rapids, MI
Replied

@Ashley Arnwine

New investor is going to be super difficult to get a LOC unless you have a big 401k or some large assets. They use the assets to support the line of credit. You local banks can do this

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