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Updated about 8 years ago,
ADVISE PLEASE
Looking for some advice on finding funding for my projects!
I'm fairly new to the real estate investing world I've established an LLC and have properties that need rehab.
I currently own 2 multi-family properties free and clear that was passed on to me from my father.
I've went through the hard money lender route and from my experience.
I tried working a deal out with 2 companies, paid 600+ for appraisals and 500+ for broker fee's for both companies and unfortunately, no deal was closed because they were offering way more than what I needed.
What I didn't know was most of these hard money lenders don't lend unless you need 50,000 or more. for my deals I only needed 20k-30k.
I am currently in my last semester in college so credit and cash on hand is not where I want it to be but I'm refusing to let this stop me from getting a deal. I am writing on this forum for help and advise from anyone with investing experience or real estate experience. I hope to hear from someone and thank you in advance for anyone who sees this and responds.
ps
I have documents, budgets, and scope of work calculated and ready for anyone who wants to see what deal I am working with.