Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

110
Posts
20
Votes
Shayne Brescia
  • Investor
  • Milton, PA
20
Votes |
110
Posts

Money money money!

Shayne Brescia
  • Investor
  • Milton, PA
Posted Jan 7 2015, 08:22

So business has been going well.  Thanks to BiggerPockets, I have the best partner/mentor/construction manager that I could have ever hoped for.  We have successfully worked together to push through on multiple projects.  Currently we have one house on the right track towards completion, one home working it's way through probate court, and other homes under contract/with accepted offers.  We have a private lender that my partner already has an established relationship with who has no problem buying the properties for standard hard money terms.  Now we are at the point where all our own cash is dried up.  I am almost $100k out of pocket on down payments and rehab money on all fronts.  

For all of you experienced rehabbers that have multiple fronts... what should be my next steps towards getting the money needed to rehab these houses?  Should I just dump any future projects and wholesale to bring the capital back?  Go to the banks and start that dialogue so maybe they can work with me in the future?  

This isn't a question that has a definitive answer.  I am just looking for some avenues to explore for the future!

Thanks!

Loading replies...