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Updated almost 8 years ago on . Most recent reply

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Felix Rivera
  • Investor
  • New York, NY
9
Votes |
40
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How can i buy and hold a home that i like.? Any Suggestions ?

Felix Rivera
  • Investor
  • New York, NY
Posted

Hi everyone :) . I would like to ask a question and a opinion ! . Today I went out with the realtor to look at some more home's. I want to see a lot of home's to see if I can start wholesaling ! . I seen a home that is in my town , like 10 minutes from my home. Its a great area !. They are asking $85k for the home. The home was renovated !. I really love the home to buy and hold the home. The Realtor told me I can put a offer like 65k! So my QUESTION is  "How can I buy and hold a property " ?. I already have a renter in place as well. I took my brother with me and he told me if I buy the home that he would rent it, Bam!!!!! . I really don't want to go to a regular bank.. Any suggestions.?. Are there any lenders that would help you buy and hold a property ???

Most Popular Reply

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2,947
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Nick C.
  • Specialist
  • Tampa, FL
2,947
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Nick C.
  • Specialist
  • Tampa, FL
Replied

There are plenty of hard money lenders that will give you a loan. You will need to put money into the deal, they will call it "skin in the game". 

Any house a realtor is showing you, you are going to have a hard time wholesaling. That means that the house is listed, and everyone else is already seeing the house.

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