Updated over 7 years ago on . Most recent reply
What is the best way for us to get financing?
Hey guys,
We are new investors in Troy NY. We recently closed our first deal and we paid all cash for the property and the work on it. Now that we are looking to move on to the next one and we are having trouble in regards to the financing. A mortgage is not an option for us because we would not get qualified. We cannot fund the entire deal ourselves because we do not want to lock up our money. So what is our options? Hard money? Private lending? PS The deals are not that expensive. The most we would pay for the entire thing, purchase price and rehab would be 50k-80k. In order to free up some money, we need to wait until we can refinance in 4 months. Until than we want to be active Anyone have any suggestions?