Updated over 10 years ago on . Most recent reply
Getting Started. Need help with finding financing
HELLO, My name is Jason Hall I have taken the plunge into real estate investing. My wife and I have started our business and now looking to purchase our first property to flip. We currently are now in the process of looking for funding with a bank to purchase a single family home. I am working with a mentor who will be helping me quarterback through the process. The problem I am facing is I have applied for funds and was approved for the intial investment at 5%interestrate but not the renovations cost. Any recommendat ions on what I should do. Where should I start. Should I try another local bank??
Most Popular Reply
Hi Jason! You could look into private money lender. Some programs will go up to 90% purchase plus 100% rehab funds. You can see some programs in my profile. PM me if you have more questions.