All Forum Posts by: Ben Fernandez

@Bruce Woodruff

Thank you for your questions. Currently, I don’t have secured funding, and my plan is to explore options like partnering with a partner and seeking assistance from a hard money lender. As for the remodeling aspect, I’m considering hiring a general contractor given my current level of experience. I believe having a skilled professional overseeing the project will contribute to its success. I would appreciate your insights and suggestions on this.

I am currently residing in Southeastern Colorado and actively seeking a one-on-one mentor experienced in single-family residential fix-and-flips to help kickstart my journey in the field. Currently, I work as an office manager at a glass shop specializing in window installations for commercial and residential buildings. Additionally, I am enrolled in a real estate course to obtain my license in the state of Colorado. My goal for this year is to find the best strategy to flip one house (possibly two), the business startup from the ground up, finding lenders and partners, and become well versed in this business. I live 2.5-3 hours from the nearest city that I’m interested in flipping. This is something I’m very excited about embarking upon. Your insights are crucial as I transition into this exciting venture. Thank you!

I am currently living in Southeast Colorado. I am seeking a one-on-one mentor who is experienced in house flipping to kickstart my journey into the field in Colorado. Currently I am working as an office manager at a glass shop specializing in window installations for commercial and residential buildings. I’m enrolled in a real estate course to obtain a license as well. Your insights are crucial as I transition into this exciting venture. Thank you!

Hello everyone, I am newer to real estate investing. I’ve spent the last 10 years attending REIAs, reading and researching on the topic, and I’m more interested in house flipping. I currently have a friend who just recently received a large settlement and is interested in investing it in me as a private lender. I will do all of the management of researching, dealing with agents, contractors, the rehab, everything dealing with the project. And he will provide the money. With that being said, I don’t have a large down payment, nor can I afford a monthly payment at the moment. So instead my question is can I just provide my friend a larger interest rate after the rehab is finished and sold? Or provide them a share of the profit, as well as a high interest? Maybe consider a promissory note as well?

Sorry. I have been digging to find the answers for this, just haven’t found them yet.

Thanks in advance for your help!