Updated over 7 years ago on . Most recent reply
Financing for First House Flip
Hi Bigger Pockets Community! We bought a piece of lakefront property, cleared it, cleaned it up, and made a pretty good profit off of it. Now that I know more about Capital Gains tax we just bought another piece of lakefront property under our LLC (we are licensed contractors). After we sell this one we should have about $50,000 or so to invest on our next project. We are working on building up funds through flipping. Just seems to make sense, since I am a licensed contractor and Realtor. Eventually, my husband and I will get into multi family investing for long term investments.
Since $50,000 isn't enough to buy and rehab a home in my area (or most areas) I'm thinking about working with LendingOne on financing.
Does anyone have experience working with them?