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All Forum Posts by: Derek Nykamp

Derek Nykamp has started 2 posts and replied 2 times.

Post: Finding an off market deal

Derek NykampPosted
  • Posts 2
  • Votes 2

Hello everyone.  Newbie here looking to started on my journey. New opportunity has presented itself working with an capitol investor if I do a brrrr in Albuquerque.  I'm looking for off market multi-family property's in the nicer neighborhoods.  Not high crime areas! NOB hill, or north end of town is what I'm looking for. 

any leads on how to find a whole saler or someone with off market deals? 

Hello everyone.  Newbie here looking to get rolling on real estate investing. I have about 40-45k In capitol, and I'm an experiencened contractor with a small crew to do the rehab. 

I'd like to start in a market I can afford such as OKC. I live north of Denver and can't afford anything around here. I've been in contact with a new western whole sale agent and finding deals that make a lot of sense. 

My question is this, can I use hard money to fund a deal I secure through new western? I believe my Capitol will cover the reserve and 15% down payment. 

Any advice or insight would be appreciated. I plan to flip first few to build more capitol, but would brrr If it cash flows.