All Forum Posts by: Chaunti Griggs

Michigan area info on what the average rate for hard money lenders are?

Hi @Marlen Weber I have considered this option but have seen anything attractive as of yet. Multifamily units I hear are quite profitable with right deal. Have you done any?

ok Thanks @Paul Welden very good info much appreciated 

@Paul Welden What if I used hard money lender for the funding the deal and my personal cash for renovations and repairs etc, for a flip? What about a method called Brrrr is anyone familiar with it, would this be a good method for someone getting started in real estate? I also have more than 30k but I was hoping not to have have to use all my personal cash to fund deals. I hear about using OPM all the time but not sure how it works

@Pamela Sandberg I was think the same thing? I would appreciate if you could out me in contact with a lender. Would it be a hard money lender or regular bank lender?

@Chris Levarek What would you say the average working capital would be for the phoenix area for real estate market?  I am also actively looking to partner up with some other investors in real estate, Seeing I'm not into the stock market I'd rather use some money toward real estate a much more solid avenue. Do you think getting into a rental property  for time being would be a better move until the time comes for better opportunities?

I'm looking to invest around $30k in the real estate market. I want to some money to work, possibly do some rental properties or fix and flips. Is this a good time right now? looking for solid advice.

Im looking to invest around $30K in the real estate market. I want to put some money to work. Possibly to do some rental properties or  fix & flips. Is this a good time with right now? Looking for solid advice.