How to Get Construction Financing without Any Experience

How to Get Construction Financing without Any Experience
Hey Beau! I’ve been watching your show for some time now. I have 10 flips under my belt. I want to pivot and start doing ground-up construction projects. My bank turned me down due to lack of experience with new construction. Any tips on getting my loan approved with no “ground-up experience”?
Thanks,
Rob

Timestamps
[00:15] Go to investorfinancingpodcast.com/ask to ask other questions
[01:00] Knowing what’s your track record building spec?
[01:16] Sometimes, flips are a lot more challenging than new construction
[01:24] Can you get a loan approved with no “ground-up experience?”
[01:45] Has your GC built single family in the area?
[01:51] Put some emphasis on the general contractor you’re going to use
[02:24] How many percent of loan of costs for this type of project?
[02:48] If you want a FAST answer, book a call at http://bookwithbeau.com/

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you -
https://investorfinancingpodcast.com/rumble

💥 Thanks for watching 💥
#constructionfinance #constructionloans

_________________________________________________________________________________________________ About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
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🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

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