Help finding people to help fund a fix and flip

Member since 2019 · 2 posts · 0 votes

Hello, I'm looking for someone to help me fix and flip a property in portland or. I dont have the money to do it myself or the experience and would be open to negotiating with someone to help me get this done even if I only made a small percentage off the deal. I tried reaching out to lenders but everyone said I needed more money.

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JooYung Choi
Realtor · NJ · Member since 2023 · 215 posts · 99 votes
1y
Looks like you are looking for a hard money lender. Since you're starting out, you'd still need 15-20% down payment + closing costs, but you'd be able to borrow 100% of renovation cost.
Private money or a personal loan for the down payment. If you are risk tolerant, 0% interest credit cards balance transfer.
another option is fha203k but you would have to live in the property for a year before being able to rent it out or sell.
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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
1y
Quote from @Timothy Ethan Gawith:

Hello, I'm looking for someone to help me fix and flip a property in portland or. I dont have the money to do it myself or the experience and would be open to negotiating with someone to help me get this done even if I only made a small percentage off the deal. I tried reaching out to lenders but everyone said I needed more money.

Go to a local REIA group and meet with other investors and see if you can shadow the rehab and collect a small fee from the deal as well. I would not recommend going at it alone or getting a hard money loan for this.
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Michael SmytheBusiness Member
Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
1y
No one is going to help you from your post!
Show you don't even know what you don't know.
Follow the other recommendations about attending local investor meetings:)
Logical Property Management4.9446 Reviews
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