All Forum Posts by: Dien Vo

Hi Ben,

Welcome to BP! I was in the same position as you. I started not to long ago and finally have a property under contract. There are a few meetups. I suggest going to meetup.com and search for real estate meet ups. I know there's MNReia, MNREC, TCREI, Midwest Reia and more. 

My advice is put a lot of time and effort into it and you will find results. Don't be discourage it may take awhile to find your first deal just keep moving forward. Talk to a lot of people. Everyone does it differently find what works for you. 

@Sean Richway Not a problem. Will keep you in mind. 

@Sean Richway forgot to mention, we will be adding an additional 700sf of living space to the property which makes it a total of 2481sf. 

Hi Sean,

This would be my first flip. For the past year I've been intensively learning to flip houses through the Fortune Builders Mastery Program. I've obtained great knowledge and is ready to rehab a home. Please take a look at my credibility packet and comps below. 

Thank you.

Credibility Packet

3504 Stevens Comps

Hi,

I have a property under contract set to close 02/15. If you are interested or know of anyone please get in contact with me for more details. 

Property Address - 3504 Stevens Ave, Minneapolis, MN 55408.

ARV - 300k

Repairs - 70k

PP - 135k

Mike

@Steve Vaughan I know investors here find deals on MLS all the time. Depending on the ARV and PP you can find properties on MLS with 70% LTV. Have to keep searching. Yes they do want about 20% down which is not an issue in my case.

I was mainly concern about the RE agent. But I think I have my answer to all of these great advice. 

I will call other hard money lenders to get more info. Usually they always ask me if I have a property under contract and provide them with the ARV, PP, Rehab, etc.. before issuing a POF letter.

Either way this RE agent that I was working with does not know what Hard Money or Private Money is so she has no clue how to make offers to the listing realtor. 

I find an agent that is more familiar with the investments. 

Thank you everyone for all the advice.

@Travis Hughes She did say she has never worked with investors who used hard money or private money only cash and conventional financing and is unfamiliar with the process. 

Yes, I think you're right to find a realtor who is familiar with investments.