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Updated almost 3 years ago,
Looking for properties and information
Hey everyone!
So I have been researching and trying to learn about investment properties for the past 5 years. I have bought 2 properties in the past and while living in the homes I renovated and flipped them. It was a long process (few years) as they were also my primary residence. I just moved out to Weatherford and I am wanting to get started on true rental properties that cash flow well. But I'm looking for realtors who deal with investment properties and I'm wanting to get more information on hard money lending and how the repayment for this works, if it's a monthly payment or a lump sum at the end. Also I'm a big numbers guy so figuring out how the money works with fees on hard money and what I would be expected to pay after the refinance process. Also if there are any contacts here that would know where to find properties that would need minimal work, I don't want to replace wiring and framing due to damages. Something that just needs updating and such to bring the life back into the property. I've been seeing a lot of 3 bed 1 bath houses but I don't know how those would do for rent or the areas to stay away from. Any guidance on this would be awesome, but I feel like I'm in analysis paralysis with some of this stuff. I'm looking to buy in the spring when I've settled into the area.
Thank you and I look forward to some responses!
Russell