Obtaining capital for 1st flip
What is the absolute best option for an experienced builder to obtain capital to purchase their first buy & flip property?
Need help finding funding for pre-foreclosure &/or distressed property deals, please advise.
Well, your best options are (in descending order):
1. Family or friend loan
2. Financing partner
3. Home equity loan or line of credit
4. 401(k) financing
5. Personal loan
6. Seller financing
7. Hard money loan
8. A business line of credit
Best of luck
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