All Forum Posts by: Ryan Rader

Are there any new scheduled times for this meet up?

@Joanne Eriaku thanks for the info, but where do you find business men and investors. Might be a stupid noob question but I struggle with that.

@David Acosta thanks for the advice. Looking at events in the area and we really dont have many. This is definitely the challenge for noobs like myself.

So did some research on 203k loans. It appears you need to live at the address to qualify for the loan which is something I will not be doing. Are there other options?

Thanks Varun. I have a call into my bank to discuss. Thanks for the information.

I recently found a single family home that has been fully gutted and on the same property is a triplex (they started converting a quadplex to triplex). The property needs a lot of work and repairs. Comps in the area are between 365k and 799k. I believe I can get the property to about 100k. My issue is I need about 250k - 270k all in to get it back to rentable state. At the end of the day this could be a 5 - 6 unit property with rent between 800 - 1000 a month. Close proximity to multiple universities and colleges and in a great area. My question is how do you find investors and/or financing for something like this?