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Updated about 7 years ago on . Most recent reply

User Stats

19
Posts
5
Votes
Brianna Williams
  • Charlotte, NC
5
Votes |
19
Posts

finding great deals that are going to waste

Brianna Williams
  • Charlotte, NC
Posted

Im finding great deals for flips but dont have the funding. Any advise for financing? I have a hard time making it to real estate meetings in my area because of my schedule so I have minimum time to network and find people to fund the investments. I feel like the only other option is financing, but how? I dont have a huge down payment. I could save more over the next could of months but still will only have maybe 5% max on a 100-150k investment. I cant utilize FHA because of the owner occupant requirement. Once i fund my first deal I will have enough for a larger down payment moving forward. Any advise or recommendations for a first time investor.

Most Popular Reply

User Stats

1,871
Posts
1,458
Votes
Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
1,458
Votes |
1,871
Posts
Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
Replied

@Brianna Williams My best piece of advice would be to slow down.

It isn't easy finding great deals.  And if you are finding multiples then they probably really are not that great.  You need to make networking a priority, find out what other investors are doing in your area and what is working for them (and how you can help them).

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