Updated almost 10 years ago on . Most recent reply
investing in a SFH - Portland Area under $230,000
My husband and I are working on getting our financing lined up to fund our flips (hard money lender - Silverado). We have met with the lender and are working to finish paper work to get pre-approved. We plan to use our money from my husband's 401K. With 10% down right out the gate, it puts us in a super low price range. $230,000 max in order to make any profit. I'm concerned about the risk we are taking with using a hard money lender. Any suggestions of other avenues of funding would be greatly appreciated!! Thank you so much!
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@Randy Johnston, yes we did. We went to a Rarebird meeting and met some great people too :).