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Updated about 1 year ago on . Most recent reply

User Stats

9
Posts
12
Votes
Shane Quin
12
Votes |
9
Posts

Private Investor for Flipping business

Shane Quin
Posted

I am looking to scale my house flipping business.  
I have someone who I want to pitch to be a private investor and fund a flip from start to finish.

Wondering if anyone has experience doing this and would like to offer some advice.

Also looking for any recommendations as far as how to ideally structure the funding for the deal.

Thank you

Most Popular Reply

User Stats

210
Posts
103
Votes
Connor Hibbs
  • Lender
  • Farmington, CT
103
Votes |
210
Posts
Connor Hibbs
  • Lender
  • Farmington, CT
Replied

Put them on as a minority member of your business entity/ LLC and you'll have no problem using their funds with just about any lenders. Some Lenders do take issue with "gift funds" or other liquidity provided by partners who are not on the Operating Agreement. Also, be sure to clearly outline the agreement you have with your investor in a signed document so that there is no confusion on the back end.

  • Connor Hibbs
  • [email protected]
  • 860-750-0809
  • Loading replies...