All Forum Posts by: Ryan Luke Thomas Klamer

Hi it’s under my personal name.  I have a sole prop that I could transfer it under

Yes sir. I purchased property in 2020 for $175,000 And currently owe $160,000. 

Hi I am searching for a hard money lender.  I am in North Carolina, Winston Salem.

I bought the property I am renovating at $175,000 and owe about $160,000. 

I need $50,000 for repairs and the arv is $350,000. I have done flips in the past with friends but this is my first one under my name.  My credit score is around 580. This will be a very quick flip as I already have a good deal of The work done. 

If anyone knows hard money lenders that will work with first time flippers send them to me please. 

If any questions contact me and thank you! 

@Charlie MacPherson. Awesome example!  That’s something I’d love to shoot for! Don’t get me wrong I want to do as little as possible but something that exciting I couldn’t help but get in it and have fun! 

I appreciate the story and response as well as the information keep on hustling! 

Just curious to see what people’s go to strategy for creating wealth is.  For me when I need some fast cash I’ll flip cars.  I can buy and sell roughly 4 per week as long as I can keep finding deals.  I can profit around $2400 per week this way on average doing very little work.  

Some people may find this slow but it’s pretty fast paced for me compared to bringing home a 40 hour check. Working onto getting more involved in house flipping for short term and renting for long term and stocks for the same reason.  Any questions just ask and I look forward to seeing your awesome wealth cre

@Brent Paul

I see that's the plan that I will stick with. Yes sir I want to keep my options open so I'm saving up for a 10k down payment like you mentioned and then wanted to have an extra 5 to 10 for any rehab or PITI payments to be safe.

Been hardcore saving for almost 2 years and I think I will finally be ready in three to six months. Savings definitely been slow as I have a big family one girl  and three boys but wouldn’t have it any other way.

@Brent Paul

Thanks for the response 

Is that how you started? Was with smaller properties and local banks? 

I’ve been talking about getting my first property for so long, Ive just been collecting pay checks in savings until I’m able to afford it and trying to educate myself as much as possible for when I’m ready.

@Cassi Justiz

Wow that’s very impressive! I hope to be in your shoes in the next couple years. Getting to the point of self employment must be a huge milestone in you and your husbands life! 

Thanks again I had trouble getting bigger branch banks like bbt to help out with smaller deals.

I’ll try my luck with a credit union and look around the smaller more local branches till I find something compatible with what I’m looking for.

Awesome I appreciate the advice @Cassi Justiz

If you don’t mind me asking what types of properties do you invest in? 

Have you had any luck in particular with certain types of properties?

Im looking to invest in single family homes in the 30 to 50k range. I want to use a traditional bank loan for max cash flow, but the problem I have ran into is most banks won’t cover loans that small.  

Wanting to see if anyone has any advice as to how they would finance deals in that price range? I would like to stay away from hard money lending  and seller financing if possible but I am open to anything. 

Thanks