All Forum Posts by: Jailen Holt

Hey, @Chad Beason, welcome to BP. Glad to see another investor from Atlanta. 
Have you checked out The Ultimate Beginner’s Guide to Real Estate Wholesaling https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/

Private money typically is short term and higher risk and interest. With that being sad, it will all come down to your numbers on the deal. Because it can make definitely work for some people. While at the same time it might make or break a deal for someone else. I hope my answer wasn't too generalized for you. It's hard to just say yes or no without specific information regarding the purchase. 

Heck, when the time comes don't hesitate to post the deal on BP and get viewpoints from multiple investors. Their insight will be very valuable.

Like you said, it would be ideal to be able to cash flow with no money down. The majority of people don't and aren't able to put down 20+%. To answer your question, yes, it could still be a good investment even if it needs a down payment to make it cashflow. The key is to buy it at the right price and have more than just one exit strategy. 

Im assuming your purpose is so that you can obtain loans for investing and not just purchasing a primary residence... A well written business plan will go a long way. Proof of any income statements, balance sheets and a reconciliation of net worth. A copy of your credit report might help, even though they will still check it anyway. Have you already completed a loan proposal? Having a loan repayment statement supported by your financial income statements will help to make you seem more prepared as well

Doing before and after photos of your fix and flips really are a great way. If you could get the buyers to leave reviews on the same photos of the house they purchased, this would also improve your overall appearance to other people who visit your page. 

Have you ever purchased a house warming gift (Maybe a cookies, or bottle of wine, etc) for buyers? Heck post photos of those too annotating who the recipient will be and why. Publicly displaying your customer appreciation could go a long way.

Use it to promote your flips. $500 off list price if the lead was generated through Facebook or something of the sort.

Be creative

Hey Jeff, have you tried researching any local mortgage brokers?

Welcome to BP, Luis. Sounds like you have a solid plan