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Updated about 2 years ago on . Most recent reply

User Stats

48
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15
Votes
Justin Dziedzic
15
Votes |
48
Posts

Complete newbie - Seeking help

Justin Dziedzic
Posted

Hi everyone. So, I'm seeking to gain my first property in the next few months to buy and hold. I'm certain I know how to analyze a deal, etc. but I am very confused when it comes to finding deals, funding them, and estimating the ARV. I joined a few wholesaler lists but am still lost when it comes to how to fund a deal if I find one. My mortgage lender stated that they do not lend on distressed properties, which I believe is the case everywhere so if it's difficult to find turnkey properties right now (which is what I'm finding), how do y'all fund a property plus the rehab? Say I have 30k cash to work with, how would I go about getting a, say 70k property plus the rehab. Is anyone a lender that I can bend their ear for a bit? Sorry for the elementary question, I feel that this is the only thing I am still not clear on that may be my final piece of the puzzle.

Looking for any and all mentorship/help I can find and very much appreciative of you all. 

Most Popular Reply

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1,888
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3,664
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Zach Lemaster
#2 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Denver, CO
3,664
Votes |
1,888
Posts
Zach Lemaster
#2 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Denver, CO
Replied

@Joseph Crunkilton Thanks for the mention.

@Justin Dziedzic I just responded back to your message.  The RTR team looks forward to speaking with you.  We are here to assist however we can.  We have an outstanding reputation on BP for almost a decade.  Please feel free to read some reviews and threads that may help:

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/44/topics/1058814-first-time-with-new-construction-cape-coral-fl?highlight_post=6055029&page=1

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/forums/88/topics/1047543-big-profits-from-new-construction-sfr-build-in-cape-coral-fl

https://www.biggerpockets.com/forums/92/topics/983659-first-investment-property-with-rent-to-retirement?highlight_post=5677176&page=1#p5677176

https://www.biggerpockets.com/co/RentToRetirement

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Rent To Retirement
5.0 stars
273 Reviews

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