Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Complete newbie - Seeking help
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.