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Updated over 8 years ago on . Most recent reply

User Stats

69
Posts
19
Votes
Skip Dell
  • Investor
  • Vineland, NJ
19
Votes |
69
Posts

Any Suggestions would be great

Skip Dell
  • Investor
  • Vineland, NJ
Posted

My wife and I are ready to start flipping homes in the South Jersey area. We don't have a lot of cash to start with.. About 20K  We were thinking of using. Hard Money.. Is this the way to go ? I don't think a Private investor would help.. Since we don't have any deals under our belt . Any advice on which way to go.. would be greatly appreciated.. 

  • Skip Dell
  • Most Popular Reply

    User Stats

    86
    Posts
    27
    Votes
    Jordas Reyes
    • Real Estate Agent
    • Naples, FL
    27
    Votes |
    86
    Posts
    Jordas Reyes
    • Real Estate Agent
    • Naples, FL
    Replied

    Hey skip! Congrats on taking the first step. I agree with you that private money is hard to find with no experience however it does not mean it don't exist. I know a guy local to me who just got his first deal with private money. Relationships and your network matters. I personally will use hard money to do deals. With the higher rates you have to make sure to run your numbers well to make sure it's truly a deal. The calculators on bigger pockets are great for doing that. Also if you have not already read the book on low to no money down by Brandon turner I would highly suggest it. Have your started doing any marketing or driving for dollars? Not sure how your market is but mls is not always best source for deals. Best of luck.

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