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Fix and flip partnership

Posted Jul 11 2022, 07:55

Hi there my name is Anastasia Asopiah. I am currently looking to fix and flip full time, but as a new investor it gets difficult to get 100% funding from lenders , majority are willing to give me 90% loan which make sense as a new investor, am looking to partner with any investor who will be able to bring up the 10% , I have a lot of deals , then we can come together and make these deals happen for 50/50 profit share …if this sounds like something you are interested in kindly let me know Thank you

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Mike Klarman
  • Specialist
  • New Jersey
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Mike Klarman
  • Specialist
  • New Jersey
Replied Jul 11 2022, 09:58

If you are new, no one will give you 90% and that 90% program is about to go away. The BRRRR products just got corrected. Short-term rates went up, leverage has been pulled back.

You are going to see a 80% leverage max, maybe 85% if you have mega experience and good credit.