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Updated 22 days ago on . Most recent reply

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Looking for funding

Posted

Hello. I'm a land investor that buys vacant lots all over the country. I was mainly buying in Florida but have branched out. I've had to turn down deals because I had money tied up in other investments. I do not want that to happen anymore. I'm reaching out to see if there are any private or hard money lenders out there. I generally get the lots under market value so they usually are easy to sell quickly. My longest land flip was on the market for 3 months. I've reached out to some of the big name lenders. Unfortunately I was denied because I ruined my credit trying to keep my construction company running. Big mistake!! I was hoping there was someone out there that is a private lender that could give me a bridge loan to purchase and sell the lots. They could possibly see my purchase price and see the potential selling price, realizing that the land will sell and loan would be satisfied plus whatever flat fee or percentage the lender wanted for the loan. This is my first time reaching out for financing so I'd love to hear from anyone that lends or had to get creative with raising capital. Thank you.

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