All Forum Posts by: Felix Ricarte

Update -

I do not have a specific property in mind. However, I'm looking for the funds to be able to provide a POF for the potential deals that I come across.

I appreciate everyone's response. A property has been located and shall close within a few days. 

Appreciate everyone's response. A property has been located.

I am currently seeking a Joint Venture partner who can provide a majority of the purchase price and rehab cost. In return, I would do all the labor, and split profits 60/40 in favor of the funder. I am in the Florida area looking to flip in Tampa, Orlando, and Lakeland area. 

Can anyone point me in the right direction?

I have a cash buyer that wants a 3/2 and want it's $70k or below. I bring the buyer, you bring the deal. He wants to close before next Monday. 

Buyer does not want mobile home.

I need a property in Lakeland, FL.

3 Bedroom/2 Bath minimum

$70,000.00 or below

Minor TLC needed

Any wholesalers have any deals?

@Ben Stoodley A simple Google search for "private money lenders" will work to locate a lender like this? I've been searching but a few companies tell me that I need at least 20-30% down and I don't have no where near that. 

@Ben Stoodley @Rodney Marcantel @Will Barnard Thank you for the advice and taking the time out of your day to respond to this forum. I have a few follow up questions:

1) How do people locate private lenders?

2) I don't have much to start off with such as down payment, maybe 3% of a purchase price I'm looking into. Will this be possible?

3) Would investors be a better source? Going 50/50 with them providing funds and me putting in labor? If so, how do I locate investors?

4) A realtor has a "hard money lender" who is interested in working with me. However, the realtor doesn't want to give me the "hard money lenders" info until I find a property and until I put  $3k for a wholesale property(to hold the property until I obtain financing). I asked for an app to see the rates id be getting but he continues to ignore anything regarding the app and "hard money lenders" info. I feel like he's trying to screw me. Any advice or experience with something/someone like this? 

Thank you for all your time and advice! I sincerely appreciate it!

-Felix

Currently, I am looking searching a loan to search for my first property to fix and flip. I have a few questions for you advanced flippers, investors and real estate entrepreneur's.

1) How did you source for funds for your first flip? Loans?

2) How likely is it to get ahold of an investor for my first flip?

Currently, I am pre-approved with an conventional loan and a FHA 203K Rehab loan but came to halts due to the fact that it has to be my primary residence and thats not what I'm interested in doing. However, those are the only loans that I come across. I have excellent credit, any advice????