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Updated over 9 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

User Stats

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

Thanks J. I spoke with Ty, good folks and he knows what he is doing. I appreciate you pointing me in his direction. 

- Chris

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