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Updated about 6 years ago on . Most recent reply

User Stats

23
Posts
10
Votes
Sophia Coleman
  • Real Estate Broker
  • Chicago, IL
10
Votes |
23
Posts

First Investment ( Which lender/lenders to go with)

Sophia Coleman
  • Real Estate Broker
  • Chicago, IL
Posted

Hi everyone! I Just signed up for BiggerPockets this is my first post, I’m new to the industry but yet willing and ready to learn more.

I’ve been looking at a property that I can pay cash for, The property isn’t expensive and only need cosmetic work done. I don’t have all the funds to do the cosmetic work.

My Credit is excellent!

Wondering what route should I take?

Most Popular Reply

User Stats

8
Posts
2
Votes
Mitch Holmes III
  • Rental Property Investor
  • New York
2
Votes |
8
Posts
Mitch Holmes III
  • Rental Property Investor
  • New York
Replied

@Sophia Coleman I hear you. I haven't done any of my own repairs or cosmetics on my first property but I did learn how to recognize the greedy, overpriced contractors from the quality reasonable ones. When you get your first property expect for some contractors to see you coming and try to get all that they can but the more savvy and experienced you become the more you will be able to leverage a deal that works for both of you.

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