Flipper's and lender's advice wanted!!

[Veronica Helms]

Good morning, REPOSTING AGAIN SINCE THE FIRST TIME WASNT MUCH OF A HIT. WANTING TO HEAR FROM OTHER FLIPPERS!!! So I want to hear it from the Pros. As an aspiring flipper I have been asking people that are pretty much in my same position any advice or resources that they have been able to use this far. A lot of them say that lenders do not want to lend to anybody without an LLC, but then again I've heard others say that that's not so much true. What I want to know is this: Lenders, what exactly do you want from "me" as a potential borrower for a fix and flip? Other flippers, what exactly did you get or need in order to start flipping? Did you need any special licenses? Did you need any proof of funds? Did you need to have your contractors lined up? Many of these questions I have researched and answer for myself but I just want to doublecheck before I really dive headfirst into this market! I'm so thankful for the many networking meet ups that I have been able to attend which have answered some questions but still have others that need more clarification. In the Charlotte, Belmont, Gastonia, Mount Holly, Huntersville, Mecklenburg, Gaston county, North Carolina areas! Thanks so much!

[Account Closed]

@Veronica Helms, there are 3 or 4 REIA groups in Charlotte (shoot maybe 5 now), that are fairly active. Most of these have subgroups as well. There are several smaller meet up groups as well. Become a networking monster at these groups and subgroups. I don't know what type of investing you want to do, so it's difficult to tell you how to sift out deals. But I'll be blunt and say this- in this business we balance time and money. You either do it yourself, or pay someone else to do it. This is for repairs, property management, selling deals, finding deals, etc. So, if you want a killer deal, and don't have the time or necessary skill sets, you'll be paying realtors and wholesalers. If you don't have the money (or you need a killer deal to get your first loan), I'd suggest making the time to learn and then create an incredible deal that anybody would be a fool NOT to lend on. This is- in my opinion- how you get started.