All Forum Posts by: Ben Rutkevitz

I would say it depends on your cash reserves. If they are low, i would wholesale a few property to get your cash reserves up. 

does the financing company take a first position loan on your property? I find it a bit odd that a finance company would give $150,000 unsecured to anyone with a 680 score or higher.

Great thread @Ana Haynes. @John Errico please send me info on the Union City meetup. I live in Jersey City and did my first flip last year. 

@Khari Harper, Darren Sager runs a good meetup and I believe he has a northern NJ one starting up soon. search for him on BP. I'm an investor who lives in Jersey City and am interested in JV opportunities. If you find good deals please let me know.

Hi @Jonathan Blandino, getting an entry level job in a real estate management/investment company can be a great way to increase your learning curve. Wholesaling works if done well and i would suggest working with a mentor in this field. There are several wholesalers who will train you for free as long as you work under them for a period of time. 

You can also consider getting a FHA loan on a SFR or MFR. This will allow you to own a property with very little down (as low as 3.5%). You, or your co-borrower, will need to show steady income to qualify for this.

The last option is you could partner with an investor, who doesn't have much free time to find a property and manage its rehab. Thats how i did my first flip. 

Congrats @Anthony Horan, how did you find the property? do you have a local manager?

@Kevin K., great post, thank you for the advice. I am bidding on a property with a tank in the ground and will definitely use this info to do my homework.

@Darren Sager, thank you for putting this together. For those that don't know, Darren puts together great events. 

Welcome @Renato Davila and @Cassidy Nunez, I agree with the other commenters, education and networking are key