Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
Brad Farmer
  • Realtor
  • Roseville, CA
1
Votes |
13
Posts

What type of financing would be right for me?

Brad Farmer
  • Realtor
  • Roseville, CA
Posted

I am just finishing up my first house hack 2 year flip and am looking to flip homes in Sacramento full time. With the money I will make from my first deal, along with private money from my parents and business partner, I will have roughly 100k in funding for a flip. A flip in this area will require atleast 3 times that. With that said, where should I look for more financing options? This isnt my first experience with buying and rehabbing per say, however it will be my first deal with a quick turn around. I have some contacts labeled "private money lenders" from the REI by @David Oldenburg networking list however because I dont know what to expect, or how to approach a lender, I havent made those calls yet. Any advice on how to handle this conversation and what a potential lender is looking for would be great.

Most Popular Reply

User Stats

1,319
Posts
575
Votes
Gordon Cuffe
  • Investor
  • Roseville, CA
575
Votes |
1,319
Posts
Gordon Cuffe
  • Investor
  • Roseville, CA
Replied

@Brad Farmerit is easy just call and say hey I have a deal I want financed. How much money can I get from you? I know of plenty hard money brokers that only want 10% down and will finance the rehab costs . If the house is not too bad , I know of lenders that will not charge hard money rates. Just send an email or pick up the phone and ask for money and they will fund.

  • Gordon Cuffe
  • Loading replies...