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All Forum Posts by: Cheyenne Bolin

Cheyenne Bolin has started 1 posts and replied 7 times.

Post: New Flippin’ Investor

Cheyenne Bolin
Posted
  • Posts 7
  • Votes 1

@Michael Smythe thank you for the welcome. Wow that is some excellent info!!! Seriously appreciate it.

Yes I own my home, but we aren't including that in the BRRR process at the moment. We are exploring our options for financing, I've talked with a private investor, looking into a HELOC, also made some calls around for a hard money loan. I'm working with a broker as well to get traditional financing. So a little bit of everything at the moment trying to figure out what the best option is!

Post: New Flippin’ Investor

Cheyenne Bolin
Posted
  • Posts 7
  • Votes 1

@Gustavo Munoz Castro thanks for the advice, what would you say is the best resource for finding those types of homeowners?

Post: SE Michigan Investors

Cheyenne Bolin
Posted
  • Posts 7
  • Votes 1

@Avalon Guenther I'm also new to the REI world and in the same area. Maybe I'll see you at a meetup!

Post: New Flippin’ Investor

Cheyenne Bolin
Posted
  • Posts 7
  • Votes 1
Quote from @Michael Dumler:

@Cheyenne Bolin, as you've noted above, it's a mix of everything. Your priority should be connecting with a legit wholesaler or real estate investor-focused agent. If those vendors are resourceful and reliable, they'll bring the deals to you. You can find and connect with these individuals at local meet-ups, BiggerPockets, Facebook groups, and from other investors. However, sourcing your deals off-market should also be considered if you intend to flip full-time.
Regarding sourcing deals directly from the seller, you can explore SEO, direct mail, cold calling, and anything that gets you in front of motivated property owners. I can't speak on behalf of Detroit, but in Atlanta, the flipping business is highly competitive.
Best of luck! 

 Awesome thanks so much- yeah that’s been the tricky part for me is finding those off market deals, but you mentioned a lot of great ideas that I’ll be utilizing. Appreciate it!!

Post: New Flippin’ Investor

Cheyenne Bolin
Posted
  • Posts 7
  • Votes 1
Quote from @Bryan Forst:

Hi Cheyenne, 

Have you considered trustee or auction/reo properties? I've been flipping reo's for a few decades. Message me if you have any questions about getting started, here to help. 

Great suggestion, I’ll reach out!

Post: New Flippin’ Investor

Cheyenne Bolin
Posted
  • Posts 7
  • Votes 1
Quote from @Marlon Fong:

Welcome to the site @Cheyenne Bolin! It's great to have you here.

Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...

Read Beginner’s Guide: http://www.biggerpockets.com/r...

Check out BP Money Podcast: https://www.biggerpockets.com/..

Wishing you the best

Thanks for the welcome and the recommendations Marlon! Currently doing all the things. 

Post: New Flippin’ Investor

Cheyenne Bolin
Posted
  • Posts 7
  • Votes 1

Hey Guys! I'm Cheyenne, my husband and I are just starting out on this real estate journey in the Detroit area and the plan is to begin with single family fix and flip (or use the BRRRR method starting with single family homes). We have financing lined up, so now my initial question is, what have you all found to be your most successful way of finding good deals? Connections, direct mail, MLS, etc.? Any other advice for a new investor is welcomed!! Thanks all!