All Forum Posts by: Steven Swanson

Thanks all for the replies and sorry for the delay in responding - it's been very busy. I'll be funding the initial purchase and rehab using our HELOC, then looking for a lender (probably conventional) for the refi. I was hoping there was an easy way to find a small local institution that was more amenable to working on these types of deals. I do have a couple options at this point but all are closely matched - I was hoping there was a stand-out available. I'll circle back once I've closed out the initial admin on the property location and purchase.

Looking for a reasonable private lender to help borrow against my primary residence which I own in cash and is worth ~$750,000.

My issue currently is I can only qualify for ~$300,000 for a traditional mortgage, but looking to borrow up to $600,000 in order to buy 2-3 single families to fix and flip. My 2023-2024 1040 income is low since I worked on my primary for most of 2023-2024, which I made $350,000 tax free on last year. I can find hard money for ~10.5%, but wondering if there's any means of find something closer to traditional HELOC rates(~8-8.5%).

Also wondering if people think it's easier for me to first get the $300,00 traditionally and then try to borrow privately for the renovation costs once I buy 1-2 of the homes to flip.

Hi, I’m currently looking for a lender in New Jersey, anyone I reach out to.

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Hello. I love flipping SFHs. I have an incredible crew and we can handle any depth of rehab. Looking to bring on new PMLs for future projects. Would like to connect and find out your goals, talk about working together and what that might look like. I have a very detailed presentation on how I work with private investors and am attaching the link for you to review it below. I've been in REI for 4 years and have flipped about 30 houses with an ARV ranging from 250-400K. I can provide references if needed. The main goal for me is building more with less people. Developing a deeper relationship with people is more important for me than working with a ton of people I barely know. I want to develop trust and tackle our goals together. I live in and invest around Greenville SC and close surrounding areas. Looking forward to meeting.

PML Presentation Link

I have a house that is worth $180,000 I owe $38,000 I'm needing to borrow some money to fix his house and flip it but I found bankruptcy a little over a year ago chapter 7 is there anyone out there that can help me with a short-term one year loan so I can rehab this house and sell it it is in my name three bedrooms two bath five and a half acres thank you for any assistance

Dear All,

I am looking to see if there are ways to get creative with down payment for single family/multifamily  loans. In my market I have found there are hard money lenders ,  Outside of raising money from lenders , I am looking to see if there are private or other lending options that could cover 10-20% of a down payment on these loans with a short loan of 1 years. If anyone has any insights please share! Thank you.

thanks 

Joshua