All Forum Posts by: Elandrous Peoples

I want to build 6 duplex buildings in the city where I live and rent out the units. I have contacted several hard money lenders, and one of their requirements for a construction loan is for me to have completed three deals. How can I obtain financing for my first deal if I must have credibility of doing at least three. What creative options do I have to obtain a loan? 

@Doran Summers Do you have any suggestions as to how to get financing for a rehab? I have a small amount of savings I could use but that is obviously riskier. My goal is to buy a house and begin rehab in June.

@Anthony Dadlani how do I find a private lender in my area? And what type of collateral would I have to have for them?

@Joseph M'Mwirichia So if I present a report of the numbers and work that I will do I am more likely to get a loan that will include the rehab budget?

I am a newly licensed real estate agent and I have analyzed several deal. The strategy I am considering is buying a 80k house with a 20k rehab budget. Will a lender loan me 100k if the house is listed at 80k?

Okay thank you. What is a good strategy for finding investors? Is it a good idea to sell a fix and flip to a buyer with a mortgage?

Okay

1.I am going to use a secured credit card to raise my credit score.

2. My strategy right now is to flip a couple of houses to generate revenue but ultimately I want rental properties.

Right now I have found some foreclosed houses on Zillow. Other than Zillow how do I find good deals and motivated seller? 

I want to know how do I find motivated sellers. Right now I am using Zillow to find foreclosed houses. I want to find more houses so I am better at analyzing deals. 

Greetings, I am a college students with 2 semesters left until graduation and I want to start investing in real estate. I have a 530 credit score and I want to know how do I start to invest.