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All Forum Posts by: Noah Pruett

Noah Pruett has started 1 posts and replied 6 times.

Post: FB ads campaign for wholesaling

Noah PruettPosted
  • Minneapolis, MN
  • Posts 6
  • Votes 9

Best way to do it is to use the lists you already have and create a custom audience.  The blanket technique doesn't really work but if you use the vacant house list and absentee list and probate etc.. you can laser target your campaign. 

Post: Tactics for Beginners Wholesale brrrr

Noah PruettPosted
  • Minneapolis, MN
  • Posts 6
  • Votes 9

wholesale is the least risky form of REI. Literally all you have to lose is what you spend on marketing. Get a deal get it under contract and find a buyer. Anybody who has money and half a brain can make money in real estate. All the best investors have either started with nothing or used OPM.

Post: Tactics for Beginners Wholesale brrrr

Noah PruettPosted
  • Minneapolis, MN
  • Posts 6
  • Votes 9

Fabian your #1 focus for wholesaling right now should be finding a great deal.  Find the deal and money will follow.  Bandit signs, door knocking and cold calling craigslist/zillow fsbo's are great ways to get started for cheap. 

Post: First Time Hard Money Loan

Noah PruettPosted
  • Minneapolis, MN
  • Posts 6
  • Votes 9

I do not have a deal yet.  I was trying to get all my ducks in row before I approached a lender.   I know I should approach lenders with a deal as I would have a better chance of approval however I knew with my lack of down payment it may be an issue.  I do have a good job making 75k a year w2 and 640 credit score.  I do have a couple collections from over 3 years ago but no judgement, liens or bankruptcies.  I am thinking my strategy should be to approach a family member to lend me the money for a down payment and then take out a hard money loan and either do a profit share with the family member or 10% interest or something like that.  Any thoughts?

Post: First Time Hard Money Loan

Noah PruettPosted
  • Minneapolis, MN
  • Posts 6
  • Votes 9

Thanks for your response Brian.  Do have any recommendations on how to find a private lender that are not friends or family?

Post: First Time Hard Money Loan

Noah PruettPosted
  • Minneapolis, MN
  • Posts 6
  • Votes 9

I am trying to secure funds for my first flip.  All of the lenders I have found are requiring a %10 down payment.  Are there any lenders that will lend based entirely on the deal equity and not require a down payment.  Thanks!