Raleigh area-Buying first rental with Private Money or JV Partner

[Cara Grow]

We just lost out on an amazing opportunity for our first buy and hold rental property to a cash buyer who put down a deposit within a few hours of speaking with the seller..we were going to finance it and live there for a year and rent it and move on. It hurt but it whet our appetite to find more smoking deals..they're still out there! Looking to network with local jv partners and private money lenders to fund both flips and rentals which we would refinance..but would help us move faster to lock them down! I have 12 years experience as a Realtor and have worked with multiple investment firms but this time it's for me and my family! I'm aware of the local REIA's but also looking for additional networking here in Raleigh and surrounding areas.

[Adam Schneider]

@Cara Grow The advantage of attending the REIAs (such as TREIA for Raleigh) is that you can meet lenders face to face before you have the need for the $. There's a TREIA meeting that's all about money that might be a good one. Also, feel free to attend the Triangle Deal Maker Sessions (MeetUp.com), the next meeting is August 5. When you do get a property under contract, be prepared to quickly present the deal to the lender--know how to have your ducks in a row (you can check out our application for what we require at our lending site--just PM me and I can direct you where to go).