New investors in southeast Tx, looking to build a network!

[Joshua Farren]

Hey all!

I am Josh Farren. My wife and I have been learning and reading everything we can get our hands on for almost a year. We finally have an opportunity to take on our first real investment project and we are looking to start building a good network.

I'm in Beaumont, Tx. I'd like to do most of my investing in this area for now. Really interested in flips, BRRR, or some combo of both over a span of time.

We plan to pay cash for all or most of our first project, but we will need to find a good hard money lender to scale up. We've been 1099 contractors for the past decade, and now we are going to do this full-time if we are able. I have great credit and a few assets I can use if necessary, but I am concerned about qualifying for a hard money loan (or a refinance if we can BRRR) since I wont have income to show. Still learning about creative solutions to this, but would love your opinions.

We rebuilt our house after hurricane Harvey, and we gained a lot of experience in the process of a full rehab. We are big DIYers but will likely contract out most of the bigger parts, for the sake of time and scalability. 

Thanks for reading! Looking forward to making some good connections. 

-Josh

[Mark Sewell]

Originally posted by @Joshua Farren:

Hey all!

I am Josh Farren. My wife and I have been learning and reading everything we can get our hands on for almost a year. We finally have an opportunity to take on our first real investment project and we are looking to start building a good network.

I'm in Beaumont, Tx. I'd like to do most of my investing in this area for now. Really interested in flips, BRRR, or some combo of both over a span of time.

We plan to pay cash for all or most of our first project, but we will need to find a good hard money lender to scale up. We've been 1099 contractors for the past decade, and now we are going to do this full-time if we are able. I have great credit and a few assets I can use if necessary, but I am concerned about qualifying for a hard money loan (or a refinance if we can BRRR) since I wont have income to show. Still learning about creative solutions to this, but would love your opinions.

We rebuilt our house after hurricane Harvey, and we gained a lot of experience in the process of a full rehab. We are big DIYers but will likely contract out most of the bigger parts, for the sake of time and scalability. 

Thanks for reading! Looking forward to making some good connections. 

-Josh

Josh, I got you covered, sir.  We have as much or as little HM as you will need, and we do a lot of business over your way.  Give me a call, my mobile is listed here.

And we also have some non-QM 30year fixed stuff we can offer you - best rates on that right now are about 6.25% for a good credit score, but then again, nobody cares a lick what your income is.  None of these are one-size-fits all solutions, but I think it is fair to say that these are clubs that you want to have in your golf bag.