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Updated almost 12 years ago on . Most recent reply

User Stats

348
Posts
128
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Jacob A.
  • Investor
  • Raleigh, NC
128
Votes |
348
Posts

Financing Options- Need Advice

Jacob A.
  • Investor
  • Raleigh, NC
Posted

My fellow BPer's,

So right now I am in the process of my first flip and it is going exceptionally well for a first flip to the point that I'm already starting to think down the road. This one should be wrapped up in about 2 weeks and ready to hit the market. Right now I'm financing the whole thing through a HELOC at a ridiculously low interest rate compared to other forms of financing. If I want to get to the point where I have multiple houses going on at once, which is my goal, what are some options for financing? Please don't say hard money because the thought of paying 15% or more plus points makes me gag a little bit. No offense to any of you out there that use it but it isn't for me. I was hoping some of you knew of any bank programs or other options that may work for me in the future to help grow my business into the multi-billion dollar industry that we all hope to achieve. Thanks ahead of time!

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