New to the Area - Wholesaler?Realtor/Contractor/Lender/

[Michael Moikeha]

Hello San Antonio!

I have a partner who lives in San Antonio and we are looking to do a couple projects this year. I have been flipping and buying rentals in Portland Oregon for a few years now and am looking to expand my network.

WHOLESALERS

Calling all Wholesalers! But not the big box type wholesaler who usually charge too much, don't give 100% of the information they know about the property, and usually prey on the newb who doesn't know what he doesn't know.

Im looking for those down to earth honest wholesaler types! Im looking for deals in the 70% - 75% ARV less expenses range with budgets based on actual Contractor bids.

REALTOR WANTED

In the past I have struggled to find Realtors who know what an ARV is and to give me calculated conservative numbers, rather than the inflated "I can get you the MOON!" numbers they give to people to lock in the contract before lowering the prices after the property sits.

So, I am looking for a realtor who knows the market, knows the neighborhoods, knows how to accurately provide ARV's, and wants to be my man agent!

We would be looking to blast short sales every other month, get ARV's on potential projects, have access to pocket listings and intracompany listings pre MLS to make offers on fixers. 5% listing. You will get all our business.

CONTRACTOR

Im looking for a solid contracting partnership. In Portland, I started having my contractors parter with me on flips instead of just paying them to do it. They bring the funds for completing the project and on the back end they get their bid price +10% of that bid for bringing the money to the table.

Its the way business is done on the Commercial side to ensure vested interests and timely completion, and it has been working for me in Portland. Contractor must have at least $30,000+ in credit or capital. 

Example: Rehab Bid: $45,000. Cash needed to complete job: $15,000. Extra 10%: $4,500 = 30% return on cash invested. Total price $49,500.

PRIVATE or HARD MONEY LENDER

I have completed 7 flips, have 3 currently in the works and have 3 rentals since I started in 2015. I am looking for rates in the 8% and 1% range, or as close as you can get to that. 10% down and first draws provided at closing.

If you were at all offended by the voice or approach of this post, I apologize, but we probably wouldn't have been a good fi anyways. I like to be straight forward and if you have been doing this for any amount of time, you know exactly what I mean when I said the things above!

I look forward to networking with some of you guys and growing a partnership with you guys!