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Updated about 2 years ago on . Most recent reply

User Stats

103
Posts
50
Votes
Aaron B. Lewis
  • Real Estate Broker
  • Detroit, MI
50
Votes |
103
Posts

Seeking short term secured financing on rehab (Construction loan in place)

Aaron B. Lewis
  • Real Estate Broker
  • Detroit, MI
Posted

Summary- I am rehabbing a 3 family (into a 4 family) have secured a construction loan (183k) I have successfully completed 4 phases with four draws clean out, demo, framing, and roof totaling 43k


I am now ready to order windows and am looking for a private lender to loan the funds for purchase of windows and get a return in 8-10 weeks after windows are delivered and installed from draw on construction loan



My journey in real estate began about 22 years ago.

Immediately after college, I started buying cheap properties from the tax auction, some would have tenants and I would collect rent day one, others would need rehab which I would do and then rent for positive cash flow. My bread and butter were 2-family flats that I would fix up and rent out.

Since then, I’ve done just about everything:

Track record here https://docsend.com/view/i3sg3cgs75r5c7i6

- BRRR
- Fix and flip
- Lease options
- Private lending
- House hacking
- Contract for deeds
- Multi-family rentals
- Single-family rentals
- New home construction
- Limited partner syndications

Today, I have more projects and opportunities then funds and partners.


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