How do you build a portfolio … as a newbie?

Question

I’m a newbie here and eager to get started in real estate…

I’m self employed and looking to start flipping houses.  I know that the biggest change will be to get financed, without a W2 ( Even though I now there are programs for self-employed people but for know I’m might have to consider working with a hard money lender.

My Question is, how do you build a portfolio?  Where is your portfolio even visible or where can people look it up, or is that just a term

and you have to put the actually list together yourself ?

Toby Real · Answer

@nedcarey Ned Carey ok great, that what I wanted to know. Thank you… I’m sure I’ll be back with more questions soon.

Ned Carey · Answer

@Toby Real basically what the lender is asking for is a history of what experience you have. Don't get hung up on the term "Portfolio"  You write this up yourself.  Write it as a sales piece designed to show your experience and give you credibility.

Toby Real · Answer

@curtisdavis   Curt Davis

Yes, I’m looking to buy and flip houses ( in California). I have some of my own cash to put down ( or I guess skin in the game money) So I’m looking for a hard money lender. From what I heard, they are looking to see your portfolio ( besides the numbers of the deal) So what I’m tryin to find out, … in general …how do you build a portfolio after you buy and flip houses , where are the properties that you had listed as a portfolio ?

Curt Davis · Answer

So are you wanting to flip  the homes for profit or buy and hold for cash flow?

If you are looking to flip I suggest finding a private or hard money lender to help you with that. If you are looking for buy and hold you might look into the BRRRR strategy.

Good luck