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All Forum Posts by: Jay Sullivan

Jay Sullivan has started 1 posts and replied 5 times.

New Member Introductions

Post: New Investor looking for first deal

Jay Sullivan
Pro Member
Posted
  • Posts 5
  • Votes 3
Quote from @Lyn N.:

@Jay Sullivan Haaaa! I'm with wifey.. I couldn't get behind a househack either when I first started so I just saved until I flipped, reinvested, LTR, then now lending & STR/MTR.

For finding your first deal: get on wholesaler's lists for the markets you're interested in flipping would be the easiest way. You can also browse MLS everyday if you want but I like seeing deals coming into my inbox everyday, even if I'm not ready to buy. Network as well and go to local real estate meet ups.

For funding: you can HELOC, find a private lender to lend you 20% down, find a capital partner, or just live below your means for a little while and save till you have the 20% down (can go higher or lower than 20%, but 20% is generally required for fix&flips & BRRRR loans if not going conventional).

Happy to connect more if you have any further questions! :) 


Hey thanks for the info! I really need to get a better handle on the financials. My credit is good just don't have much saved yet. I'm a freelancer so I have time which I feel is valuable so I can add some sweat equity to whatever I do. Is there a particular wholesale list that you can recommend? Haven't really found any resources locally. Just sort of living through BP and Zillow at the moment.

0 Votes
Upstate New York, New York
New Member Introductions

Post: New Investor looking for first deal

Jay Sullivan
Pro Member
Posted
  • Posts 5
  • Votes 3
Quote from @Lyn N.:

Welcome Jay! Congrats on starting your journey! What kind of deals are you looking into for your first deal? Fix & flip, househack, BRRRR, etc?


Hey thanks! Yeah looking at Fix and Flips and BRRRR. Can't really get my wife behind a house hack LOL..

0 Votes
Upstate New York, New York
New Member Introductions

Post: New Investor looking for first deal

Jay Sullivan
Pro Member
Posted
  • Posts 5
  • Votes 3

Awesome. My wife and I had a place in Margaretville a couple years ago I flipped so know Kingston. Looking for fix and flip and maybe buy and hold for long term rental.

0 Votes
Upstate New York, New York
New Member Introductions

Post: New Investor looking for first deal

Jay Sullivan
Pro Member
Posted
  • Posts 5
  • Votes 3

Im in Warwick... Orange County. Familiar with it?

0 Votes
Upstate New York, New York
New Member Introductions

Post: New Investor looking for first deal

Jay Sullivan
Pro Member
Posted
  • Posts 5
  • Votes 3

Hi Everyone, just signed up for BP Pro and wanted to introduce myself. I am looking for any information on how to find and fund my first deal. Thanks and look forward to learning and contributing with you all.

3 Votes
Upstate New York, New York