New York City · Member since 2018 · 161 posts · 75 votes
Hi Everyone,
I got a batch of about 5 deals (flips and rentals) last week from a guy I trust (I did my first and only flip with the guy and have bought 2 very profitable rentals from him) He's been at this a lot longer than me and he's giving me first crack (actually 2nd crack besides the ones he's keeping for his turnkey company) at a list of 10 properties he's trying to put negotiate for.
I like 5-6 of them and with repairs and purchasing I think I need an average of 80-110K for each of the properties. Well, needless to say I don't have the cash on hand to do all 5 of these and I would HATE to let them go. Where should I start looking? Hard Money Lenders? Somewhere else?
I don't like the idea of doing some sort of package things either, since some I would want to keep and some I would want to flip. Where should I start looking?