All Forum Posts by: Corey McNabb

Hey I am looking to Network with Fix-n-Flippers!

I am a private money lender and I want to be your friend and do deals with you!

Lets Connect!

@Charles Carillo

Thank you, That helps a lot. I am still building my team and an attorney is next on my list.

I’m struggling with understanding how to raise capital for small multi family properties.

For example,

I found a property I wanted to put an offer on but while I was trying to be pre-approved for a loan I found out that gifts aren’t accepted for investment properties, I asked if it made a difference if the money was an investment (family is helping me get started with my portfolio). They said it didn’t matter it was still a gift.

So my question is, are do you only raise capital if your paying cash or can you get loans if you raise capital?

Any advice will be appreciated

Hey everyone, 

A few months ago, I thought I had this great opportunity to Birddog for a local REI company, but when I went in to meet with them they instead tried to talk me out of real estate for about 10 mins and then attempted to recruit me into a multi-level marketing business. I turned it down but needless to say I was really bummed out. I realize now that I had an unrealistic expectation that my Real Estate journey would only progress and not hit any speed bumps. So this is me here today making a statement that I am going to get back at it and that I Will have at least 3 properties this time next year.

Thank you for listening!

I'm looking to rent using the BRRRR method.

@Justin Blackwell

And I chose metro-Atlanta because it’s within an hour or two driving distance from where I live.

@Justin Blackwell

As far as goals, I want to get to having $5000 coming in each month in passive income and at least obtaining 3 properties a year.

I’m focused on Cash flow to be honest and I don’t really know my capital limitations. My wife and I are kinda just diving in to this. We do know that we will have to use OPM to obtain our first deal, maybe our second as well but then we hope to be able to use our own money after.

@Justin Schreibeis

Thank you, that was very helpful.

Having never seen a business plan before, the link you shared gave me a clearer picture overall for my business plan.

So I am in the process of coming up with my Business Plan, but I am getting stuck on figuring out my criteria, I know its likely to change once I have a little experience. I am wanting to use the BRRRR strategy and currently the area type I am looking into is metro Atlanta to mountain rural areas? (Im unsure of what else to call it... Basically little towns in the mountains.)

What I am asking is for anyone who is willing to please share their criteria that a deal must pass before they move on it.

Thank you!

@Tom S.

Ah ok, thank you for clarifying