All Forum Posts by: Jamie Rai
Jamie Rai has started 3 posts and replied 9 times.
HEY I WAS JUST WONDERING.... ARE THERE ANY CASH BUYERS ON THIS PLATFORM????? OR WHERE TO FIND THEM .... ANY SUGGESTIONS
Post: How can i find hard money lenders in the ohio area?
- Posts 9
- Votes 6
Quote from @Bob Reinhard:
A % of something is better than 100% of no deal.
Call any time ... contact info for call in bio or business.
Bob
OK SURE THING... I HAVE A COUPLE QUESTIONS. ILL REACH OUT TO YOUR COMPANY THIS WEEK!
Post: How can i find hard money lenders in the ohio area?
- Posts 9
- Votes 6
Quote from @Taylor Dasch:
Investor meet up groups are a great way to find resources. If your city has an Investor group on FB they will be filled up with HML most likely. I actually searched Hard Money Lenders on Google and found all of the top ones on my investor facebook group. You could also cold call investors and see how they are financing their deals. That would be an odd call to get lol, but If anyone called me I would definitely give them my HML.
HEY TAYLOR! THANKS FOR THE RESPONSE. I SEARCHED FACEBOOK YESTERDAY LIKE YOU ADVISED AND FOUND A GROUP. IM WAITING TO BE ACCEPTED INTO THE GROUP. WISH ME LUCK LOL THANKS AGAIN..
Post: How can i find hard money lenders in the ohio area?
- Posts 9
- Votes 6
Ok so I was blessed to have a wonderful and very knowledgeable mentor for the beginning years of my real estate journey. I am currently stepping out into real estate for the first time on my own! Im wondering how i can find hard money lenders in my area. I know of 1 that i found from attending Our local reia meeting awhile back but the next meeting is not until next month and i need to locate hard money sooner than later. Any resources or advice you guys could offer would be amazing! Thanks!
Post: Hey guys im new to the forum!
- Posts 9
- Votes 6
Quote from @Patrick Drury:
@Jamie Rai
Congrats on the first deal and welcome to the forums!
Thank you!
Post: Hey guys im new to the forum!
- Posts 9
- Votes 6
Quote from @Ryan Deasy:
@jami
great work on your first deal! you couldnt be more right.. things never go as expected!! any hard money questions, just ask!
Thanks Ryan! I definately have some hard money questions. Do you guys lend only in certain areas or does it solely depend on the deal?
Post: Hey guys im new to the forum!
- Posts 9
- Votes 6
Quote from @Nathan Gesner:
Welcome to BiggerPockets and congratulations on the purchase!
thanks nathan! looking forward to this journey
Post: Hey guys im new to the forum!
- Posts 9
- Votes 6
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $50,000
Cash invested: $23,000
Sale price: $98,000
This was my first deal ☺️. I love real estate.
What made you interested in investing in this type of deal?
I was working with my mentor who said this was a good deal
How did you find this deal and how did you negotiate it?
My mentor helped me find the deal through word of mouth
How did you finance this deal?
hard money
How did you add value to the deal?
we added a master bedroom to increase value
What was the outcome?
We ended up holding the property way longer than expected and the expenses went up as a result. So we didnt make as much money as we expected
Lessons learned? Challenges?
Things dont usually go as planned. Plan ahead for unexpected mishaps
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
not currently
Hey Jonathan, Thank you for your time. How would you suggest I approach a real estate agent about helping me find deals as a newbie investor?