OfflineThis is not the lyrics to a song, but rather a possible shift in how I was planning to begin. I have been tooling up to become a wholeseller in roder to raise cash to own properties. However, it seems one of my contacts is a wholeseller who has rehabbed properties that are move-in ready with 40% ecquity still available in the property. He also has hard money lenders that will give me time to refinance under more favorable conditions.
Next is to show me available properties, determine if it can create cashflow and how long, and type of terms, before a bank will refinance after taking posession.
In addition to finding specifics, I'm asking questions to anybody and everybody about this opportunity. I don't want to be blindsided by an unknown. The only concern thus far is that most of the properties are located in the city (lower income districts).
All suggestions welcome!
..."Oh that you would bless me and enlarge my border, and that your hand might be with me, and that you would keep me from hurt and harm"
1 Chronicles 4.10
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My Success Journal:
http://www.deangraziosi.com/real-estate-forums/investing-journals/35813/...
See if your contact will accept an option from you and test the waters,The best thing that could happen is make some money or worst thing the contract will expire!Also answer some of your concerns.
Sport you are a wholeseller doing business with another wholeseller-You can even ask about bird-dogging for them(finding sellers).
Invest in yourself!
Finding them buyers for their properties.
Invest in yourself!
I am a newbie but I would suggest looking into Section 8 for tenants.