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Updated almost 12 years ago,

User Stats

544
Posts
269
Votes
Derreck Wells
Pro Member
  • Specialist
  • Pelham, NH
269
Votes |
544
Posts

New from NH!

Derreck Wells
Pro Member
  • Specialist
  • Pelham, NH
Posted

Hey all,
I'm from Lowell, MA, but moved to So. NH years ago, Pelham to be exact. (Yeah, that's right, keyword dropping!)

I've been interested in RE since I was 20ish, since the crash in the early 90s, but had a young family and couldn't quit the job and do it. I also had no knowledge or support system to help me, so I watched and learned.

It's always been in my head that "buy and hold" would be my retirement. I've planned to flip to keep positive cash flow coming in and pick up some multi-families along the way, then when I had enough rentals to live on, slow down on flipping and just keep busy maintaining my rentals. I'm now 39 and need to start the process. Time to jump in and do my first deal!

I've been self employed for years. I own a water garden installation company and a handyman company, which makes for no real verifiable income, which makes traditional loans difficult if not impossible.

I intend to devour everything on this site about financing and then, as Nike said, just do it. I'm leaning towards a hard money lender type with an equity split. Possibly hunting up a few investors and go in that way. Whatever it takes for me to bank up some seed money so I can then go solo.

I'm hoping to learn who the best local attorneys, RE agents, insurance companies, and lenders are from the forums on this site.

In a nutshell, I'm hungry, willing, and able. If you have any suggestions, I'm open minded and willing to listen!

Derreck

  • Derreck Wells
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