Updated over 9 years ago on . Most recent reply
Any Suggestions would be great
My wife and I are ready to start flipping homes in the South Jersey area. We don't have a lot of cash to start with.. About 20K We were thinking of using. Hard Money.. Is this the way to go ? I don't think a Private investor would help.. Since we don't have any deals under our belt . Any advice on which way to go.. would be greatly appreciated..
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Hey skip! Congrats on taking the first step. I agree with you that private money is hard to find with no experience however it does not mean it don't exist. I know a guy local to me who just got his first deal with private money. Relationships and your network matters. I personally will use hard money to do deals. With the higher rates you have to make sure to run your numbers well to make sure it's truly a deal. The calculators on bigger pockets are great for doing that. Also if you have not already read the book on low to no money down by Brandon turner I would highly suggest it. Have your started doing any marketing or driving for dollars? Not sure how your market is but mls is not always best source for deals. Best of luck.