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Updated over 8 years ago on . Most recent reply
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Looking for Lenders/Investors in Cleveland Area
I am new to REI as a business. I have "rehabbed" two of my own homes, built a home, and " fix & flipped" my mother-in-laws house when she passed away. None of it was for business just for personal needs. I am ready to jump in to REI and make it my primary line of work. I have a goal to be a full time REI in the next 18 months. My initial plan is to fix and flip to build up cash and then begin a BRRRR strategy to generate long term growth. I currently have a full time job with a flexible schedule and a good salary in marketing
The thing I am trying to determine is where the financing for the first deal will come from. My wife and I are beginning to look at properties, but I would love to have at least a small network of investors to send deals too when I find them. For the first few deals I would be looking at near 100% funding to build up my cash reserves. In return I would be willing to pay a higher interest rate for the first few deals or enter into a profit split for a mentoring relationship until I get my feet wet.
So if you are in the Cleveland area and want to take a new REI under your wing or even if you are just looking to invest, please let me know and lets meet!