Interested in a Private Money

[Andrew Carson]

Hey everyone, interested in some advice and connections.

Started out my real estate investing journey being a wholesaler for just about two years and built a strong funnel of continuous leads. I then recently moved into doing flips, JVing with other investors, and I’m ready to start flipping independently since I have gotten experience.

I’m a big fan of the more local the better, given, they will know the smaller markets as well as the big in my city; however, I am open to lending opportunities farther out. 

Thanks everyone, let’s start investing! 

[Alex Hunt]

Quote from @Andrew Carson:

Hey everyone, interested in some advice and connections.

Started out my real estate investing journey being a wholesaler for just about two years and built a strong funnel of continuous leads. I then recently moved into doing flips, JVing with other investors, and I’m ready to start flipping independently since I have gotten experience.

I’m a big fan of the more local the better, given, they will know the smaller markets as well as the big in my city; however, I am open to lending opportunities farther out. 

Thanks everyone, let’s start investing! 

 Hey Andrew, congrats for branching out on your own! Happy to help on any flips. 

[Chris Seveney]

Quote from @Andrew Carson:

Hey everyone, interested in some advice and connections.

Started out my real estate investing journey being a wholesaler for just about two years and built a strong funnel of continuous leads. I then recently moved into doing flips, JVing with other investors, and I’m ready to start flipping independently since I have gotten experience.

I’m a big fan of the more local the better, given, they will know the smaller markets as well as the big in my city; however, I am open to lending opportunities farther out. 

Thanks everyone, let’s start investing! 

 Congrats. Lots of private lenders here on BP. Keep going at it!

[Ko Kashiwagi]

Hi Andrew,

Congratulations on doing many deals! If you are looking for local private money lenders, you'll find them at local meetups. Also many private/hard money lenders on BP Find a Lender Tool tab.

[Johny Omaga]

Hi Andrew, I am always looking to Jv, What market are you in?

[Andrew Carson]

Sioux City, IA / Sioux Falls, SD (Mostly SC though, where I reside)

[Jeff S.]

Your title and post are a bit unclear, @Andrew Carson. I assume you want to borrow private money to flip houses and not lend on them (?). It looks like you’ve learned the perils of partnering and wisely understand the benefits of investing as locally as possible. Good for you. It’s fortunate that you’re in a border city. Stick to Iowa and possibly eastern Nebraska. Not only are IA and NE local, but you’ll find it easier to borrow money.

Iowa only requires a license to lend money on owner-occupied properties, so this doesn’t apply if you’re flipping. Nebraska has no licensing restrictions on business-purpose real estate loans, like flips. Both ND and SD are in the handful of states, like CA, that require a license for all RE loans. Since the population in these states is relatively small, many lenders avoid them.

Face-to-face at local real estate clubs, found through Meetup, are your best bet.

[Jay Hinrichs]

Quote from @Andrew Carson:

Hey everyone, interested in some advice and connections.

Started out my real estate investing journey being a wholesaler for just about two years and built a strong funnel of continuous leads. I then recently moved into doing flips, JVing with other investors, and I’m ready to start flipping independently since I have gotten experience.

I’m a big fan of the more local the better, given, they will know the smaller markets as well as the big in my city; however, I am open to lending opportunities farther out. 

Thanks everyone, let’s start investing! 

I just funded 4 deals in that city and was there personally about 3 weeks ago.. I like it.. I can do JV deals for SD deals.. so we are not lending money in that state.. I did learn something about how title is done there which was quite unique.

[Jacob Sherman]

Let me know if you have any questions in regards to bridge, fix and flip, ground up construction and DSCR

[Johny Omaga]

Quote from @Andrew Carson:

Sioux City, IA / Sioux Falls, SD (Mostly SC though, where I reside)

 dm me!