BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on . Most recent reply

Need help on doing my first ever deal!
Hi, all! My name is Dillon and I am 21. I own my own house and a 4-plex rental property through my Grandfathers will. As I’ve grown up, I’ve wanted to get to get into real estate so now I’m stepping out of my comfort zone. So, there is a property me and some friends are interested in. (My friends are hard money lenders and real estate agents.) the house is selling for $69,000, is a 2 Bed, 2 Bath in almost perfect condition in a 55+ community. We want to make it more modern and sell it for 120-150k. But we’re not sure how to start a loan or even how to pursue this. Any advice for a new guy and his friends? Is this a good idea? Thanks!