All Forum Posts by: Katie Smith

Hey Andrew, getting started is always the toughest part but we all have to start somewhere. Find a cash partner, be a bird dog for them and bring them a deal. You can also try to raise capital with friends & family. If you don't have a bucket full of cash, i'd recommend doing a couple fix and flips at first. Once you do 3-4 fix and flips, you'll hopefully have enough funds that buying a rental wont eat up all of your cash.

Look into hard money companies that will work with new investors!!! Im happy to hop on a call and walk you through how HML work.

Hi Michael! Glad you are already getting great use out of BP! 

Are you looking for a property that needs rehab or a turnkey property? Lets connect, I may be able to help you! 

Hi Jae! Welcome to BP & congrats on your new venture in real estate! What are some of your goals for the year? Would love to learn about what you are looking to specialize in. Let's connect!

Hi Jeremy! I may be able to help you out on this. I can do cash out refinances after 3 months seasoning. I'm going to dm you for more info! 

Hi Zaid! It sounds like you need to do a cash out refinance on your investment properties. I am going to send you a dm to get more information from you! I would be happy to take a look at your deals and send you a few quotes.

Hi Jason, I'd highly recommend checking with the sellers to find out if the condo is warrantable or non-warrantable. If it's non-warrantable you will not be able to get conventional financing on it so you may run into difficulty there. Also, make sure you know what the monthly HOA dues are as these can be pricey and make it difficult to make money off of the rental. Are you open to doing a few fix and flips first to build up your cash - THEN put it towards something long term?

Hi Duane! Are you looking for a private lender to fund the entire deal or do you have cash available to put into the deal? Hard money lenders can usually go up to 90% of the purchase price and 100% of the rehab budget, depending on credit score. I'm not sure of the entirety of your situation, i'll DM you! 

HI Rahma! If you're looking for a partnership rather than a transaction lender, I'd love to help you. Do you attend any of the REIA's in NC? I'd be happy to put a face to the company name. Are you free for a phone call today?

Hi Franklyn! Welcome to BP! I'm more than happy to send you some helpful tips&tricks to getting started. I work with new investors quite often and help them with understanding the financing side of investing, and also put another pair of eyes on all of their deals to make sure they will be successful. Do you have any goals for this investing this year? Having an accountability partner is very important to make sure you stay on track. 

Ahh I see I see. Well if you ever find yourself at the Charlotte REIA, pop by our booth! We are one of the sponsors and we love meeting people from BP.