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Updated about 10 years ago on . Most recent reply

User Stats

140
Posts
70
Votes
Chris Brown
  • Rehabber/Contractor/Business Manager
  • Atlanta, GA
70
Votes |
140
Posts

Financing REO flip & sell with ROBS/Solo 401k

Chris Brown
  • Rehabber/Contractor/Business Manager
  • Atlanta, GA
Posted

Good morning all,

I am in the process of getting started on my REI venture. I will have shortly a ROBS 401k account set up that will allow me to put 20%-30% down on an REO. I had originally thought since I had the money down, financing the rest would be relatively simple. But as it turns out, there are not many that loan for what I want to do. It appears HML may be the way I have to go.

Has anyone found lenders willing to loan in this scenario? Anyone with a ROBS care to share how they finance the rest of the deal?

Thanks,

- Chris

Most Popular Reply

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17,995
Posts
17,205
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J Scott
  • Investor
  • Sarasota, FL
17,205
Votes |
17,995
Posts
J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

This is who I used in Atlanta several years ago:

Ty Jordan

Jordan Law Firm, LLC

12th Floor

1170 Peachtree Street

Atlanta, Georgia 30309


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