Hi BP community! I have been listening to the BP podcast for a while, and finally decided to get active here on the forums. Here's a bit about myself:
I was born in Ukraine. My family immigrated to the US (Philly, PA area) when I was 7 years old. I never had a conventional job; at age 16, I bought a small landscaping business and grew it to provide a decent income. Since I was a teenager, I had been interested in real estate investing, and got my real estate license while in high school. While in high school, I decided to focus on the landscaping business instead of real estate. Fast forward 10 years: I sold my landscaping business because I realized it was not my passion. Right away, we started rehabbing/flipping houses with a friend. I have a beautiful wife and 11-month-old twin boys. We live in a suburb of NE Philly.
I have 5 deals this year so far (4 out of 5 are residential rehabs; they are described in my profile info). I am looking for lending partners and equity investors for future/prospective residential rehab acquisitions in the Philadelphia area.
My goal long term is to build a large "passive" rental portfolio. Our strategy right now is short-term rehab flips, because rentals are so overpriced in our market. When the opportunity comes and multi-family rentals sell for a discount to today's prices, we want to be positioned to acquire as many as we can.
It's been a pleasure listening to podcasts, reading through the forums.
Anyone here have any personal-favorite forum posts on the subject of obtaining financing for flips? We want to scale our flipping operation further, we keep getting great new leads, and don't want to pass them up. Of course I will be binge-reading on this topic through the forums in the next couple days, but just wanted to ask if someone already has some great links/pointers. Thanks!
