Start up funding

[Timothy A Kober]

My name is Tim Kober. I am a new investor that has dedicated much time to learning the ins and outs of REI. We have good relationships now with multiple GCs and Hard money lenders. We have a good real estate broker and on a case by case relationship with a top notch attorney. Our accountant is a family friend and we are ready to move forward. Right now one big piece of this puzzle that I am struggling with is juggling work and my new company's startup. Our broker can get us multiple REOs and our hard money lender can cover them all in one loan at 80%/100%. We need funding! We are actually considering borrowing $200k at 60% interest for 24 months, but I would like to get that down to 50% or less. I know that still crazy high interest but it would allow me to focus full time on my company. It would supplement my income, cover gap funding & put our business on the map. Our goal is to have 3 homes under construction at least 3 weeks prior to the first snow fall. 2017 10 homes and a good cash buyer list for wholesales. After that we are shoot for 1 home on the market every 2 weeks and wholesaling as much as we can. Then we will start putting buy and hold into our process. Does anyone know where I can find a better interest rate on start up cash funding or should I consider myself lucky and seal the deal?