Houston, TX · Member since 2016 · 24 posts · 6 votes
Applying Bigger Pockets' "creative financing" thinking, has anyone ever successfully approached contractor(s) to secure private funding for fix and flip on investment property?
Portland, OR · Member since 2019 · 16 posts · 1 vote
7y
It happens all the time typically with smaller contractors but yes absolutely. I have a good friend that recently put an offer in on a duplex that needed a major rehab but didn't have all the funding lined up so she included a 30 day due diligence provision in the offering. Once the deal was accepted she started getting bids for the rehab work and asking contractors if they had interest in partnering in the deal, the first guy she asked said yes and showed up with 1/2 the money need to purchase the property, she got a hard money loan for the other 1/2.