Hi BP I'm Alvin! Looking for Potential Funding Advice!

Hi BP I'm Alvin! Looking for Potential Funding Advice!

Rental Property Investor · Orlando, FL · Member since 2016 · 76 posts · 19 votes

Hi BP,

Long time stalker, first time poster! My name is Alvin Pereira and I am a 29 year old fitness athlete/trainer and technologist. Like most of us, I stumbled into real estate investing by nature of life. I did my first buy and hold deal at 19, which I then converted into a 200% profit flip. Since then, I've done about 3-4 more deals all either cash or with instant positive equity. 

At this point in my life I want to adopt a more aggressive strategy and essentially want to be able to do 5+ deals (minimum) a year. In order to do this I have to explore funding options as I won't have liquid cash to invest in all of them. I've heard of HELOCs, crowd funding, personal loans, financing and private money. What does everyone recommend?

Thanks in advance for the replies! :)

Regards,
Alvin

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  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    10y

    Hey @Alvin Pereira thanks for jumping in and introducing yourself! Looks like you have some good experience with real estate! Don't be afraid to jump in and help answer questions or ask some of your own.

    Have you setup your "Keyword Alerts" yet? If not - definitely add some. I'd recommend adding "Orlando" so you'll be notified when people talk about your local area.

    Welcome Alvin!

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    10y

    Hey @Alvin Pereira, welcome to BiggerPockets! It is great to have you and please feel free to jump in the community - there are certainly great people around here!

    BiggerPockets
  • Real Estate Agent · Orlando, FL · Member since 2008 · 551 posts · 159 votes
    10y

    @Alvin Pereira rehabbing a property using cash then refinancing with a conventional loan using delayed financing is an option. Using a hard money loan for a rehab is an option as well with a refinancing into a permanent loan the either has no seasoning requirements or a 6 month seasoning requirement. If you position your LTV's so that the new loan based on the after renovation value then the process is repeatable until you can no longer find a lender willing to offer a loan.

    Welcome to Bigger Pockets. We are in the same town. Feel free to connect.

  • Jill DeWitPro Member
    Investor · Scottsdale AZ · Member since 2015 · 1k+ posts · 423 votes
    10y

    Hello @Alvin Pereira and welcome to BP. Congratulations on your first post! That is one of the great things about the forums, you can always read great information by other investors and comment and post anytime you want to. BP also has free online videos and courses for you to use as well. You came to the right place for your real estate investment journey! 

  • Jerry PadillaBusiness Member
    Lender · Rochester, NY · Member since 2014 · 3k+ posts · 1k+ votes
    10y

    @Alvin Pereira

    Welcome to the site. You can initially get financing on the property if it is in livable condition and just needs updating. You can also do delayed financing to cash out once the house is livable. 

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