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Updated 1 day ago on . Most recent reply

User Stats

35
Posts
8
Votes
James Park
  • Rental Property Investor
  • Fullerton, CA
8
Votes |
35
Posts

Successful mobile home flipper looking for private lenders - willing to pay 18-20%

James Park
  • Rental Property Investor
  • Fullerton, CA
Posted

Hello everyone,

My name is James and I have been a successful mobile home flipper for over 8 years. I live in Orange County, California, but I actually do most of my flips in Riverside County, but also all over the state of California.

In short, I use private lenders to fund my deals and I pay a stellar interest rate of 18-20% annualized. I am able to afford to do this because my margins on my flips are fantastic.

However, I have more deals and not enough funding. So I am reaching out to the BP community to see if anyone would be interested in lending on my mobile home deals. Again, I can offer annual rates of 18-20%, although I am typically only borrowing the funds for 3-4 months at a time. But of course, I can re-borrow the funds over and over as I always have plenty of deals.

I have a strong track record and can provide details on my previous flips to anyone who is serious.

I can also provide references to other private lenders I've used, who can speak to my reputation.

Lastly, I can cross-collateralize your loans against more than one home, so that your loan is doubly secure.

As far as amounts, I can use amounts as low as $50K per deal and as high as $150K. My deals usually don't require more than that.

If anyone is interested in lending larger amounts, you can consider lending on multiple deals as I currently have 5 in escrow that require over $350K in funding, with more deals lined up. So I will need a total of $500K soon.

Please reach out if you are interested and have the funds.

Lastly, my website is: www.calimobilehomebuyer.com

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