All Forum Posts by: Ian Haas
Ian Haas has started 1 posts and replied 3 times.
@Tim Johnson in Wisconsin
@Peter M. Thanks for your reply. I wish I could do the rehab a little cheaper, but this place needs it. I’m ok leaving a little money in the deal as I have a fairly good war chest.
How do I identify the small locals who fund from their own portfolios? I have heard that credit unions work sometimes?
How do you market your own business? This is another tough one for me.
I’m a newly minted stay at home dad. I have always wanted to get into real estate investing, but have only recently started. I had a fairly well paying job prior to my daughter being born, so I have comparably lower debt and good credit (730). Also, I received an inheritance of about $300K to start with.
I have been searching for deals left and right and am working with a real estate agent in my area as well. I bought my first deal wholesale for $45k. It is a Victorian triplex in a very nice area about 20 minutes from where I live. It needs a lot of work. I ran numbers and the ARV should be between $180k and $200k with rents at approx. $2000 a month. Rehab is expensive, but I expected that and have $80k-$100k set aside for it. First question...how does this sound?
Second question....does anyone know a cash out lender who would lend to me without a job?
Third question.....how the hell do I find deals faster than 1 every 4 months?