Newbie house hacker here from Rhode Island.
Hey everybody. I am a newbie investor, land lord, and home owner. I bindged listen to bigger pockets religiously. I recently purchased a triplex to live in one unit and rent other 2. Was wondering if anyone had any ideas, tips and stories to share good or bad.
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Everyone has a 'first' deal with a private lender. Don't worry about a track record. The good thing about private lending is that it's not traditional. Most lenders aren't asking you what your accomplishments are or focusing on your credit. They focus on the deal at hand, your past deals don't mean crap to them. It's all about how you're going to make money now and what your exit strategy may be. (This is from my experiences).
Also, you're using the word 'but' way too much! Don't have time to sit around finding deals? get a motivated Realtor. Sacrifice ONE Thursday and head down to the RI Investors group. Meet a wholesaler and get on his mailing list, and deals will be sent to your email while you're at work. If you really want to be successful in real estate, you'll make the sacrifices! you got this.