Large project financing??

[Brenna Crowe]

Hi!

I have 2 potential deals that would be a really profitable flip and the other that would be a great BURRR.

My issue is both deals would cost almost a million dollars.

Deal #1 is a historic building that can’t be torn down but is in awful shape. Would need about 600k of work to turn it into 2 town houses (already approved by the town). When it’s all said and done we could sell each townhouse for 900-1 million. There’s also an option to buy the land behind it that could be turned into commercial space with apt above it (maybe hold that property and rent??). Purchase price of this WITH the back lot space would be around 700k or 550k without the extra land.

Deal #2 would potentially be a tear down and build a 5 family with commercial space in front. This would

Also cost around $750-1 million.

Any tips on how to fund these deals would be greatly appreciated! I’ve learned all the different options but I’m not sure what would be the best option for these larger deals since we wouldn’t be able to put 20% down on that lard of a deal.