All Forum Posts by: Joshua Evans

@Brad Hayden this is what I pulled via county sales records. I presume it was a purchase from a mom and pop to an investor looking to flip. I've continued to try and dig deeper by finding BBB ratings etc, and have not produced many results with even some of the top "private money lender" results on Google.

I am currently looking at a price of real estate and weighing my options on acquisition before approaching the seller and seeing if a deal can be reached.

Property Details:

Asking price- 2,000,000

51 doors, 86% current occupancy

24,500$ monthly gross

~11000$ current owner stated operating costs monthly

Current owner purchased the property in 2021 for 450,000$

For the first year I would self manage, live on property.

As far as lending, I've considered approaching an owner finance deal with the owner at full purchase price, but I have also looked at a private lender option for full financing at lower than asking price.

My real question is, when looking at the private lenders, and validating their legitimacy, a few require 0 down, at 5-7%, with a 2000$ loan origination fee. Is there a way to validate the company so that I'm not just handing 2k to a company that's going to deny every loan that crosses their table for an easy 2k. Are there recommendations from BP for private money Lenders to use?

Good afternoon, I am new here and would like to grow some connections. I am located in Gainesville GA, and would like to see if I can't get some investment buyers (flippers and holders), real estate lawyers, escrow and title companies, and even other wholesalers contact for networking in the Georgia, South Carolina, North Carolina and Tennessee area