All Forum Posts by: Izavion Joanes

@Janiah Burton Hi Janiah, I pmed you.

@Ray J. Definitely looking for a partner of a mentor. Let me know if you know anyone in the area I’d be happy to connect.

@James Nelson I expect to need about to 10% of the ARV of whatever deal I find in the area.

@Nicholas L. I probably wouldn’t be able to house hack due to me going to school about 1.5 hrs away during the school year.

Hi @Ray J. ! I have considered wholesaling, but it's just not something I think I'll enjoy doing and I don't know as much about it as I do flips. As far as what I have to offer for a partnership would probably be credit. As far as experience, I can only say that I've read books and done tons of research online. I've also been watching HGTV since I was 15. So, I know the interest is definitely there and I want to do this. I chose a flip because I want a quick profit and I could possibly come up with 10% for a HML, with wholesaling wouldn't I need cash to purchase the property? And, would those properties be coming from the auction? My goal for this whole thing is to do a couple flips and save the cash then eventually move into purchasing income properties. I also want to eventually get into purchasing commercial real estate. I don't think I'm ready for income properties right now because of the amount of time that they would consume, but if I find a deal good enough I will jump on it.

I have been trying to get into real estate for years now. I’ve read books, watched shows, and attended seminars. At this point, I’m ready to get started. But, I am literally stumped. Can anyone offer any advice or guidance on how I can secure financing for my first deal? I do not have a substantial amount of cash for fund repairs or a large down payment. One the credit side of thing it’s pretty solid, I’m sitting above a 700. Debt-to-Income only about 15%. I would love to partner with other investors in the area but I do not know any. Is there a way I can potentially find them? From my research, it seems as if a hard money loan would be the best route for me to take. I am in the Northwest Indiana area and plan on this being my farming area. I would like to start off with a decent size single family home that could generate a quick flip giving me some experience and generate a good profit. Does anyone know any lenders that will lend to a first time flipper? This is something I’m passionate about, I don’t want to jump into anything and screw myself but I’m ready to get started. Thanks for all of your help you all, as you can see I really can use it! Please give me any advice you can, I am a novice.

First of all, HELLO! This is my first post. AND ANY ADVICE WILL DO! I have been trying to get into real estate for years now. I’ve read books, watched shows, and attended seminars. At this point, I’m ready to get started. But, I am literally stumped. Can anyone offer any advice or guidance on how I can secure financing for my first deal? I do not have a substantial amount of cash for fund repairs or a large down payment. I would love to partner with other investors in the area but I do not know any. Is there a way I can potentially find them? From my research, it seems as if a hard money loan would be the best route for me to take. I am in the Northwest Indiana area and plan on this being my farming area. I would like to start off with a decent size single family home that could generate a quick flip giving me some experience and generate a good profit. Does anyone know any lenders that will lend to a first time flipper? This is something I’m passionate about, I don’t want to jump into anything and screw myself but I’m ready to get started. Thanks for all of your help you all, as you can see I really can use it! Please give me any advice you can, I am a novice.