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Updated over 1 year ago,
Newbie w/ first deal under contract, Looking for a private lender
Hey BP, I'm a new investor in the Buffalo, NY region. I currently have a deal under contract and I'm looking for a private lender to fund the deal and hopefully future deals as well. Although I'm new to the industry my competitive edge is that my business partner is a contractor who's done rehab jobs in the past. This will just be the first deal under our LLC and implementing the BRRR strategy. Looking for a loan amount of $70k to cover purchase price, and rehab with the ARV sitting at $170k. Any referrals or advice would be greatly appreciated. Currently attending local meetups as well to network.