Updated over 8 years ago on . Most recent reply
100% Financing of Residential Project
Hi Everyone,
I am reaching out to see if anyone knows of a lender for home construction projects in the greater Philadelphia area. I am looking to start small on a flip and I have cash for a house/shell. I would need 100% financing for the construction, which I can pay back once the house sells.
I am calling one lender tomorrow, recommended to me by a realtor I have worked with before who does investing. Does anyone know another lender that does 100% financing of the construction? I'm still very new to real estate investing, so any tips on the financing part would be helpful. I already have a developer in mind who I can pay to obtain plans, oversee construction, pull permits, etc. Of course I would need a partnership agreement also, correct?
Any other tips would be helpful, this would be my first flip project.
Best regards,
Jake