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Author Topic: Need help with start-up capital!!!  (Read 3440 times)

Offline eraff

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Need help with start-up capital!!!
« on: March 31, 2004, 08:45:52 pm »
I need someone's help telling me a way I can find a lender for a small group of three people who are planning to flip and rent homes.  Can anyone tell me if there is anything out there that does not have a real high interest rate, or a loan that needs to be repayed immediately?  I am new to this arena and just to a little help up the first step.

Thanks.

Offline tedjr

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Re:Need help with start-up capital!!!
« Reply #1 on: March 31, 2004, 08:51:59 pm »
Howdy:

You really do not need much to start. Find a super deal and get it under contract for a hundred or so earnest money and resell the property to another investor for a profit. I am closing on one tomorrow that was a good deal for me but I could not do it without a partner. I contacted several potential partners and was offered a $3000 bill just to sell the contract. A short profit as I wanted more but  it will pay the mortgage for April 2004.

Good luck and thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas  78737
512-301-9171 home
512-587-6177 mobile

Ted P. Stokely Jr

San Antonio, Texas

 




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