All Forum Posts by: Austin Nelson

So I'm in the process of putting together my team to start investing and house flipping. I was just wondering, what questions should I ask potential real estate agents before I make them apart of my team?

Does anyone know know of a good way to find investors for a deal?

@Emily B.

Thanks for the feedback. I am going to do some research into HELOC. To answer your question about credit my mom has very good credit so we should be get the best loans. I don't like they would mind restarting the mortgage because they are planning to give the house to me and my brother and down sides to a condo, so I guess that would play a factor too.

@Paul Hitchings

Thank you!

Well the on the property that I just found is listed at $250,000 and is bring in $3,000 in monthly income. So I was thinking about holding it doing a BRRRR type strategy with it. I was planning on saving as much as I can of the rental income so I can later either use it for a down payment on another multifamily or have it has cash reserve then go to another hard money lender or the same one to finance another flip. I know very little about construction, since I don't know so little what do you think is another strategy I can go with? I was going to use some of the profit from the flips to help my mother pay back the 2nd equity line on the home.

So I've been wanting to get into REI for about 2 years now and I just didn't know how I was going to do so because I didn't have the money to start investing because I am so young and in college. I've talked with many hard money lenders and they all told me the same thing (that I would need cash reserve to handle the monthly payment and that when I get that reserve to give them a call back). So here is my big plan to get into real estate and I would like to here the opinion of the BP community. Back home my mom and dad still live in the house that I was raised in we've been in it for about 17 years now and I spoke with my mother and she told me that the house was half paid off give or take (the house is worth $250,000). So what I'm thinking is that I ask her to refinance the home loan and pull out the $125,000 in equity and give it to me as a loan. I can then invest in a duplex, triplex, or quadplex with some of the money. Then us the rest to have as a cash reserve so I can start flipping homes in my local area. (I've met a local flipper who said he will take me under his wing and help me out in the flipping process)

Is there anyone on BP who is in the local Savannah area, who has invested in apartment complexes?

Is there anyone on here who is in the local Savannah area, who has invested in apartment Real Estate?

Is there anyone on here who is a local in the Savannah area that invests in apartment real estate?

Is there anyone on here who is a local in the Savannah area that invests in apartment real estate?

Is there anyone on here who is a local in the Savannah area that invests in commercial apartment real estate?