All Forum Posts by: Ritch Bonisa

Indianapolis market is fabulous right now - 3 hours from Chicago.

I think I can help make connections in Indianapolis.  If you need some contacts - PM me.

I need trustworthy wholesalers in the Cincinnati area who are doing at least 3 or 4 deals a month.  I am looking for people who want to work with the same investors repeatedly.  I need to be able to provide good referrals and then get positive feedback from my clients .   Does anyone know how to find wholesalers that fit this profile.?

Thanks!

Dylan - 

I need to find a good Wholesaler doing a fair amount of volume in that Charlotte market.  You and your partner are from that area, can you send me a name, phone, or email of someone that fits that profile?  

Probably stay close to home with your first few.  I work a lot with first time out of state investors.  Hard money rates are higher for first timers, but that is true everywhere.  Out of state requires a good local team:  Wholesalers, project manager, contractor, exit realtor, lender.  If you go ahead and do it - you need to find someone who can run point on those aspects that are local.  You also have to be very involved, don't just turn everything over.  Use technology to stay up-to-date on a daily basis and you need to keep the ability to jump on a plane and get there if need be.   When there are systems in place this all works great.  Problems arise when the systems aren't there and and when you have shady contractors.  Mike D'Arrigo always gives great advice, I would pay attention to his comments.

There are many good markets for the remote investor to be in.  In my work I am seeing Indianapolis, Kansas City, Charlotte, NC & Cincinnati, OH.

Indy is great!  I'm connected to a lot of contractors and know a few great wholesalers!  If you need to make some connections, let me know.

Is this more of a remote investment for you?  If so, how did you get your team into place to handle everything?

Josh,

Try Lima One Capital, Lending One, or even Aloha Capital or Bridgewell Capital.  I have worked on projects with all of these lenders.  I never had any issues with them, nor have I heard anything negative about any of them.  PM me if you need anything else.

I would agree that the project manager is critical.  How much does it lower the risk, if you can log on and see/follow the project online on a daily basis?