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Updated over 10 years ago on . Most recent reply

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David Hatcher
  • Wichita, KS
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Funding

David Hatcher
  • Wichita, KS
Posted

looking for ideas on investors or private lenders. I am wanting to flip a small home and wanting some ideas of who to approach to secure a loan? Thank you

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Michael Woodward
  • Real Estate Investor
  • Greenback, TN
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Michael Woodward
  • Real Estate Investor
  • Greenback, TN
Replied

You might have already done this but the first thing you need to do is thoroughly analyze the property and put together a very clear and professional report with all of the relevant details.  It needs to have good potential returns and you need to be able to convey that in a convincing way.  Lenders will expect to see that you can demonstrate a very good understanding of the business in general as well as the details of this specific project.  If you have a solid project and a professional delivery of the potential profit, you will have a much greater chance of getting the attention of potential investors than without it.

Good luck!

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