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Updated almost 4 years ago,

User Stats

13
Posts
2
Votes
Charles Carey
2
Votes |
13
Posts

Hard Money lender Or find an investor?

Charles Carey
Posted

I have really been tearing up the forums lately, but I have too many questions on different topics. I currently live in a town of about 8,000 people. We just recently got a satellite campus for a college and it is growing faster than expected. The president of the school just came to the city council to request funds to build dorms. This seems like a no brainer to buy up property to rent out to students or even teachers as the campus grows. We are 30 minutes from a large city. The school has one of the only Agriculture programs in the area ( which is heavy in Ag.). We only have a few apartment complexes and they are for income based so most students wouldn't qualify. The town is also building a new rail yard for the railroad as we have outgrown the current one. We also have 4 aircraft manufactures in our town. And have 2 large distribution and fulfillment centers coming to the city, that will draw in people from out of state they may want to live in quieter town without the cost of the suburbs. I was furloughed when COVID hit and had to live off my savings for about 6 months and took a huge chunk there so I don't have the cash to put down to get these properties. Would you recommend I reach out to investors and just try to wholesale properties or look into Hard money lenders and attempt to flip properties? 

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