Best financing for 3-6 month flip?

[Mark Beekman]

I paid cash for my last two houses, but I am looking to finance my next flip. This will be a 3-6 month flip. With all of the different loan types, I'm wondering what the BP pros would go for.

[Mike Jakobczak]

I typically structure my deals two ways.

1. I offer 8% for an investor payable anytime within 6 months. No monthly payments, just a balloon payment when the property sells.

2. I offer half the deal. Which the investor would bring the capital for the flip. I bring the deal and the team and we execute.

Typically investor see their money back in 100-120 days depending on the time of year. I prefer working with private lenders because it allows me to build a track record with investors which then allows me to bring them bigger deals down the road and get them funded. Example Apartment building buy/hold strategy.