Rehabbing & House Flipping

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51
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Elias Munoz
  • New to Real Estate
  • Santa Barbara, CA
12
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51
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Using private lenders

Elias Munoz
  • New to Real Estate
  • Santa Barbara, CA
Posted Jan 9 2022, 20:27

I have a question about using private money. I’m looking to buy my first investment this year. I have the capital but was thinking about using a private money lender instead and having my fund as reserves. My plan is to do the live and flip method. I do Constuction for living so I’m handy and could do the work myself. I would want to buy something with cosmetic work. After 6 months refi and payback my lender. Then repeat the process. Will this work or should I just use my own money? Thank you for taking your time to answer my question.

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