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Updated over 8 years ago on . Most recent reply

User Stats

17
Posts
4
Votes
Alex Gadbois
  • Investor
  • Sacramento, CA
4
Votes |
17
Posts

I have around $50k+ to invest with. Where can I find deals?

Alex Gadbois
  • Investor
  • Sacramento, CA
Posted

I live in Sacramento and I have about $50k (or possibly more) of other people's money to invest with. I have about $25k of my own money in the bank, but I would rather not touch it and keep it as reserves. I currently own one duplex. I am open to the possibility of more buy and hold properties, or flips. Unfortunately, I am having a lot of difficulty finding any deals worth buying. I have looked at about every single property on the MLS and Craigslist. I have also gone out driving around looking for properties. I just found a wholesaler last week. Hopefully, that is a step in the right direction. Where do I find deals? Are there any types of properties that I should be looking for? Any areas that I need to focus on? Any advice will be appreciated. Thanks.

Most Popular Reply

User Stats

205
Posts
86
Votes
Carrianne Mucho
  • Lender
  • Roseville, CA
86
Votes |
205
Posts
Carrianne Mucho
  • Lender
  • Roseville, CA
Replied

If you are looking at fixers and just don't have quite enough cash to cover your down payment PLUS the cost of repairs, there may be financing solutions available other than hard money. My company offers renovation financing. PM me if curious. I will need estimates of current value vs. ARV.
Regardless if I can help you or not, I wish you the best in finding your perfect deal! Love to see others succeed in this corner of real estate!!

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