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Updated over 7 years ago on . Most recent reply

User Stats

114
Posts
112
Votes
Michael Hastings
  • Investor
  • Aurora, CO
112
Votes |
114
Posts

Hard Money Lenders for BRRRR Strategy in Kansas/Missouri

Michael Hastings
  • Investor
  • Aurora, CO
Posted

Greetings fellow BP'ers,

My name is Michael, I am a business professional who resides in Colorado. I have been a member of Bigger Pockets for a year, listened to almost all of the podcast (over 200), read the books and currently studying for my RE license in Colorado. I am ready to take the next step and purchase my first property in which I can apply the BRRRR strategy to. I have connected with realtors in the KS/MO market, found a few potential properties in which the numbers work well for from our analysis, and I am currently looking for a lender who can help us to implement the strategy.

Can anyone recommend a lender who may work with first time investors, if the numbers are right?  I have searched here (and on the internet) and found a few, but many shy away from new investors (without a track record, which I can understand).

Any assistance would be appreciated (even if you can direct me to a BP member I could reach out to, much oblige!)

Thanks!

  • Michael Hastings
  • Most Popular Reply

    User Stats

    74
    Posts
    29
    Votes
    Ernest Chamblee
    • Real Estate Agent
    • Colorado Springs, CO
    29
    Votes |
    74
    Posts
    Ernest Chamblee
    • Real Estate Agent
    • Colorado Springs, CO
    Replied

    @Michael Hastings Hey there! Hope all is well. I have actually been doing a little shopping in your market! KC MO is a very good market as well.  Awesome on so much progress and hope get your license open many more doors for you.  

    Are you currently looking for traditional financing, HML or PML? I network with several active investors in the KC MO and KC K markets and if a deal made sense, I am assess they would fund or potentially do a JV. Little trickier with you investing remotely, but definitely possible!! Let me know and if I can be of assistance, I will do my best.

    Positive Vibes

    Ernest 

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