Financing in Fresno>Question Details

Duggm1, Home Buyer in Fresno, CA

Hi, I am about to start up a company (Inc.) which would be buying cheap real estate properties and rent

Asked by Duggm1, Fresno, CA Wed May 13, 2009

them to make a profit. I have a quite profitable business plan with numbers and everything, but I need to find somebody to take care of financing.

Are here some people who could help me with business loans and financing?

Thanks for help

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0 votes Thank Flag Link Mon Jun 27, 2011
There are certainly investment opportunities in both residential and commercial real estate. What are you looking to accomplish and having the necessary knowledge, plan, and service teams in place are important as the foundation of your business.

We specialized in bruised credit funding solutions for both independent home owners and investors. If you would show me your business plan or give more details about your projects and goals, we may be able to help identify a few ways so you can move from here to there.

Celine Fang
Private Financing Program Specialist
Immi-Nest, LLC
504-723-9269 (C)
206-339-8535 (F)
0 votes Thank Flag Link Sat Jun 12, 2010
Have you thought about doing lease to own puchases? It's a good way to both buy and rent your properties out. If you're familiar with car leases, this is very similiar, except it involves homes. You agree to rent properties for sale in Fresno / Clovis with the intent of buying them at a later date. You can then sublease these homes to renter/tenants and cash in when the market recovers.

Dr. John McMillen | Clovis Real Estate
Web Reference:
0 votes Thank Flag Link Thu Oct 29, 2009
Good afternoon Duggm1,

I just received your questions but it appears that it was submitted on 5/13/09. In either case if you are still looking for some direction in locating financing for your company give me a call at my office.

Jess Saldana
Crosse Pointe Realty
0 votes Thank Flag Link Thu Oct 15, 2009
It all depends on what type of financing you are going to look for - are you looking to bootstrap your business and finance it using your own money/credit? Or are you looking for a business loan through your company? Even if you were to use an SBA loan or any other conventional business loan, you would have to show income and ability to pay on the loans that you need to secure properties.

SBA loans and conventional business loans from banks will need 2 years information about your company, but you said this is a startup.

It sounds like you need some creative financing solutions, and I can definitely help you out with that.

Feel free to contact me so I can learn a little more about your situation and business goals. You can reach me on my cell or at my office until about 8pm.

Kellen Gracey
Mortgage Professional
BayBurg Financial
(386)237-7231 Cell
(954)764-7064 Office (Ext. 214)
0 votes Thank Flag Link Thu May 14, 2009
For lenders to give you financing you will have to show income coming in and that you/your company can make the regular mortgage payments. I can help you with your financing, but I would have to get more information.
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0 votes Thank Flag Link Thu May 14, 2009
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