All Forum Posts by: Richard Loniewski

I am in NJ as well, very expensive (I just wholesaled a 2 family with fire damage in jersey City for 600k) One of my clients got me into the TN market, I have a few single family rentals there, all purchased under 100k

We can help, I can get numbers to you quick. Shoot me an email ([email protected]) with the info 

Once the project set up and hopefully going well, start setting everything up for the next one, may want to look into getting a VA to help with small tasks to take off your plate so you can scale!

Start networking and learning. when I started I found a mentor as well (not crazy expensive either) and he really helped me secure my first deal as well as connecting me with lenders, contractors and others. I felt more comfortable having someone on my side with experience to go out there and land a deal.

What did you do to get the first one? Get a marketing plan together, network. I don't wait until a flip is done before I look for the next one. I'm always looking for the next deal.

Go see the property first build a little rapport with seller, but eventually (before you sign) you need to see rental agreement

Depends on a lot of things marketing, making calls, negotiating and hard work. If you really grind you could probably pick up a deal in a month or two

Use a contractor on a few property walkthroughs and learn, also find average costs for every major repair (flooring, windows, bathrooms, kitchens, roof ECT..) Once yo have done a few flips it becomes easier

I walk through after and only use my GC for the scope of work. I want to get under contract as fast as possible. I used to visit the property, spend too much time analyzing and then find out someone else has it under contract. Good deals go fast!

Network, it's free and you can find possible JV partners for the capital. I did my first flip that way, only put down deposit