Private lender needed in Washington DC

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Private lender needed in Washington DC

Rental Property Investor · Washington DC · Member since 2017 · 58 posts · 18 votes

Hello BP family. I have a duplex in Washington DC that's in need of ~10k of renovation work. My strategy for this property is to BRRRR it. In order to refi this investment it needs to cash flow so I'm in search of an investor/ private lender who would be willing to help. I can send over all information and discuss future terms of the investment.

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Reginald TrussPro Member
Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
7y

Is that what you need is 10K?

Reggie Truss

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  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    7y

    Is that what you need is 10K?

    Reggie Truss

  • Investor · New York City, NY · Member since 2013 · 1k+ posts · 269 votes
    7y

    Another suggestion is to find a financial partner who will Joint venture with you if you cannot qualify for a loan. 

    Best of luck in all your endeavors.  

  • Rental Property Investor · Washington DC · Member since 2017 · 58 posts · 18 votes
    7y

    @Reginald Truss correct 10K is what I would  need.  @Anthony Dadlani thanks for the suggestion. I’ve heard many stories of investors wishing they had partnered with someone sooner. Definitely the way to scale. 

  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    7y

    Douglas, I would like to work with you, but we have a $25K minimum.

    Reggie Truss

  • Rental Property Investor · Washington DC · Member since 2017 · 58 posts · 18 votes
    7y

    @Reginald Truss I sent you a message. Thanks in advance for your help! 

  • Property Manager · Baton Rouge, LA · Member since 2014 · 2k+ posts · 195 votes
    7y

    Try operating your real estate business under a LLC Douglas, we will joint venture with you.

    Get our minimum cash advance as a LLC because, other lenders often won't lend to LLCs or other legal entities ...They report the loan to the credit bureaus...They don't allow more than a few (usually four) Loans on your credit report. We do what they will not, even with credit scores under 700 if required.

    https://nationalcc.wufoo.com/forms/hamilton-investment-properties/

    Click the Link above, see how it works and apply on-line now. Remember we help Tote the Note on investments in "special Need" housing we manage. Also, we welcome Co-Singers and Business Start-Ups. 

    Special programs for credit scores under 700 and annual income under $50,00 if you need them.

  • Investor · Baltimore, MD · Member since 2012 · 605 posts · 103 votes
    7y

    @Reginald Truss. What are the terms of your loan?

  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    7y

    Anil, I can't give you an answer to this question until I at least know how much money you need.  Then we can go from there.  Minimum is 25K Maximum is unlimited, again it depends on what you need it for.  Hope to hear from you.

    Reggie Truss

    P.S. No upfront fees

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