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Updated about 2 years ago,

User Stats

48
Posts
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. 

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