You may want to consider hard money....or an alternative program for new investors. I have a real estate services subsidary and flippinghouses is very rewarding at times (sometimes its a big headache). If interested in discussing some options, feel free to contact me.
>Hello-
>
>I am back after 5 years and I have to Thank this website for
>helping me get my business started right. I worked on the
>side a s a consultant since 1996 and in 2001 I stopped working
>full time and did my own consulting. I have more than tripled
>my earnings and I have bought my first home and own land.
>Anyway I have learned how to run my own biz but I need your
>help once again to start up my new passion which is flipping
>houses.
>
>I have worked with a friend for the last 6 months and he is
>making tons of money doing this. I need to get some kind of
>credit line or loan so I can go to an auction and purchasee a
>home. I would like to have about $250k available. How can I
>get this much cash on my companies gross income and current
>home equity? I tried the SBA loan thing but, the guy on the
>phone says they don't lend out money for stuff like this. I
>alone gross about 180K a year working part time but, I rather
>fill the rest of the time doing this kind of work and making
>more money. Can anyone help me on how to finance my new
>venture?