How to split profits with investor?
Hello everyone! I need help finding hard lenders who are willing to loan for a first time rehabber. So far lenders require me to have at least 1 flip in my portfolio before they consider lending to me. Are there other programs out there that I can look into? Some friends told me that I should bring an experienced investor on board, is this how it works? If this is the only way, how should I split the profits? by fraser829 from Beverly Hills, California. Dec 10th 2021
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Flipping homes is a business. Short-term flipping loans are high risk, low reward to the lender. It gets easier over time, including financing options. I suggest doing whatever you need to do the first couple of times... Good luck. I lend for properties in MN WI IA ND SD. Find me at FirstTimeHomeBuyer-MN.com - Cambria Mortgage, NMLS 274132
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