Updated 5 months ago on . Most recent reply
Looking for advice/connections.
Looking for advice on getting into RE Investing. Mostly interested in Fix and Flips and Whole-selling. Currently working as a construction superintendent overseeing multi million dollar builds. I have 3-4k a month in surplus. Any advice would be greatly appreciated.
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Hi Chris,
Based on your experience, fix-and-flip is a great strategy especially to build up some cash. Another option to look at is new construction. I am hearing investors at my local REIA talking about small scale development as the place they are finding the best returns right now. Flips are competing with new builds and the cost to build can be a lot lower than the ARV depending on the area. Durham passed some zoning laws that allows by-right development and they reduced min lot sizes and set backs to allow for more development. It's amazing the returns some of my friends are making with that method.
When it comes to flipping and development, its important to have a good relationship with a lender. I am with The One Brokerage and have access to hundreds of lenders. I can help with nearly any kind of property - residential, commercial, ground-up construction/development, hard money, conventional, FHA/VA/USDA, etc. Let's connect! I would be happy to answer any questions you have about the financing side of things. Cheers, Kate