How would I find a private investor to lend money to fix and flip properties?
Posted by admin in Finance Thursday, 25 August 2011 03:19 4 Comments
I have bought and sold 8 properties in the last 18 months here in Wisconsin. I have some money to roll over, but I am looking for more in the arena of a private investor willing to go in on some potentially larger deals. I have a team in place and need quick cash to fund projects. Exit strategies are ready and in place. Either the property is flipped or refinanced and held. Does anyone know of an organization that may be able to help or any way I can find an investor or investors on my own?
Thanks
Sounds like you know what you’re doing for sure.
Approach potential investors on your own. You have a good track record.
The key to your pitch is to show the investor what’s in it for him/her. Present the projects in a profit sharing perspective. Also tell them why you don’t want to use a bank(s).
Steal the Home Depot motto:
You can do it. They can help.
What area of the country are you in?
How much do you need?
Prosper.com is a great place to fund upto 25K. If you’re looking for really big deals (over 500K) email me and I will give you my mortgage brokers info. She has some investors who do that (of course you pay for it)
Follow the link below for Prosper.