All Forum Posts by: Julien Anaya

Hey Everyone,

My goal with this post is to network with other local real estate investors and professionals to discuss all things real estate, and potentially partner up on a deal here and there. I'm a real estate agent, but I'm focusing my efforts on flipping. I'm currently flipping my second house, and actively looking for more.

I would be more than happy to discuss my experience and strategies, and possibly gain some knowledge from you as well.

Let's connect!

@Jeff S. Noted. I definitely would like to avoid getting burned. I'm starting to realize I should be more concerned with verifying who I work with.

@Rick Pozos I met him in a facebook group. I have gone to a few meetups, but nothing recently, I'm always busy when the meetups happen for some reason, but that would be my next step. For my retail clients, I just use traditional lenders. I've spoken with 2 of them, but one doesn't do hard money, and the second doesn't cover repair cost.

@Rick Pozos I met him in a facebook group. I have gone to a few meetups, but nothing recently, I'm always busy when the meetups happen for some reason, but that would be my next step. For my retail clients, I just use traditional lenders. I've spoken with 2 of them, but one doesn't do hard money, and the second doesn't cover repair cost.

@Jay Hinrichs thanks for the input. I will definitely check that out. I'm very happy I asked. I am about doing my due diligence, and I appreciate all of the feedback. I'm definitely not expecting it to be cheap. I'm happy to take on 10% plus points, as long as I know it's legit.

@Martin Pacheco I appreciate the input. I'm willing to pay the 10% interest as long as I know I'm not getting screwed. I understand the most important part of the deal is purchasing well below market value, so any deal I do should have enough meat on the bones. I study each deal very closely, and won't pull the trigger on anything that isn't close to the 70% rule.

@Rene Doyle I guess it depends on the property. If I'm buying a $100k property that only needs $10k rehab, I wouldn't need the loan for rehab. Most likely though I'm looking for the lender to help with rehab as well.

@John Thedford Lol not sure I'm willing to try!

@Tim Johnson Thanks for the input. 👍

I'm a new Realtor and also new to the investing side of real estate, but I've been studying it for over a year. I'm ready to purchase my first flip. I have a great contractor, good relationships with wholesalers, access to MLS, and about $20k cash to put down. I have a private lender who is asking me for DL and bank statents and is offering 5% interest rate. I understand that's pretty typical, however I cannot find any information about him and his company online. I know he's probably just an individual, but how do I know when I'm working with a legit lender? Are there any "fake" lenders trying to steal information? Anything else I should worry about? Thanks!