Advice on investing partner in Buffalo, NY

[Jared Threat]

Hi BP Family,

Been following the podcast and studying the forum. After doing research and building a small team, I think we are ready to start to align financing for our first flip in Buffalo, ny. Can anyone help me make a connection to lenders/investors that would work with a novice team? 

[Matthew Irish-Jones]

@Jared Threat there are tons of people that will work with a novice investor, some for the wrong reasons.

If you want to finance most of the flip you probably need a HML, you really need a solid agent who has deal flow for this type of property. Most agents won't screw around looking at a ton of 50-100 k flips.

However, investor focused agents will have some wholesale opportunities, know list agents that post flips, and have a few systems set up to generate leads that are solid and don’t take to much time to find and analyze.

Lastly, your contractor and his quote will make or break your flip. Beware the contractor who can do the work for 70% of everyone else’s price. He also has 70% of everyone else’s quality.

Feel free to reach out directly if you want a couple vendor suggestions, and some other tips.