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Private Lending & Conventional Mortgage Advice

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Brad Farmer
  • Realtor
  • Roseville, CA
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13
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What type of financing would be right for me?

Brad Farmer
  • Realtor
  • Roseville, CA
Posted Mar 3 2017, 12:07

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.

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