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All Forum Posts by: Justin Gallagher

Justin Gallagher has started 3 posts and replied 11 times.

Post: creative financing advice?

Justin GallagherPosted
  • Posts 12
  • Votes 12
Quote from @Remington Lyman:
Quote from @Justin Gallagher:

Hello BP! im trying to form a plan to start investing into oos multi family properties in columbus ohio. i have been giving thought as to how i can go about financing my first deal and if i would qualify for any type of loan. i dont have consistent pay, voe, tax info and im starting to build my credit but i have savings in the bank. ive been self employed for about a year and a half doing handyman projects for people around my area has anyone ever been in a situation like this? are there such programs that even exist anymore? or should i cosign with a partner? i would prefer to not have a cosigner but beggars can’t be choosers. if anyone can please just lend some quick advice or share they creative fincancing strategy id really appreciate it. tyia!


You should chat with a mortgage broker. There are some DSCR programs designed for people like yourself

 @Remington Lyman do you have recommendations to any in the cbus area, thank you Remington 

Post: creative financing advice?

Justin GallagherPosted
  • Posts 12
  • Votes 12

@Nate Sanow thank you i will for sure look into them 

Post: creative financing advice?

Justin GallagherPosted
  • Posts 12
  • Votes 12

Hello BP! im trying to form a plan to start investing into oos multi family properties in columbus ohio. i have been giving thought as to how i can go about financing my first deal and if i would qualify for any type of loan. i dont have consistent pay, voe, tax info and im starting to build my credit but i have savings in the bank. ive been self employed for about a year and a half doing handyman projects for people around my area has anyone ever been in a situation like this? are there such programs that even exist anymore? or should i cosign with a partner? i would prefer to not have a cosigner but beggars can’t be choosers. if anyone can please just lend some quick advice or share they creative fincancing strategy id really appreciate it. tyia!

Hello! I am a beginner REI based in Tampa fl looking to relocate and invest into Columbus Ohio market. Id love to network, make connections, and even possibly form a JV partnership with experienced fix and flip investors and get my feet wet in the RE industry. i have 35 years of home repair and remodeling experience ( plumbing, electrical, drywall, siding, kitchen remodel etc.) and i'm offering my skills and services to investors who are looking for a reliable, experienced, and honest partner. If anyone is also willing to give advice i will greatly accept and appreciate it. I look forward to connecting and talking with everyone! TYIA!

Post: seeking Fix and flip HELP/ADVICE

Justin GallagherPosted
  • Posts 12
  • Votes 12
Quote from @Kerry Noble Jr:

network around and find a partner that has capital or you may have a private money lender already in your family. Start sharing this (what youve posted) with more people in your network and see what you get

thank you for respond and for the advice Kerry i appreciate your motivating comment

Post: seeking Fix and flip HELP/ADVICE

Justin GallagherPosted
  • Posts 12
  • Votes 12
Quote from @Justin Gallagher:
Quote from @Khemraj Sarju Jr.:

Good morning, it isnt hard at all. We have assisted first time investors like yourself. Although each case is different, I am sure there are programs you can take advantage of that would help your situation. Would love to see what direction or advice I can give. My inbox is open if you have any questions. 



 thank you Khemraj for responding i sent you a PM

Post: seeking Fix and flip HELP/ADVICE

Justin GallagherPosted
  • Posts 12
  • Votes 12
Quote from @Khemraj Sarju Jr.:

Good morning, it isnt hard at all. We have assisted first time investors like yourself. Although each case is different, I am sure there are programs you can take advantage of that would help your situation. Would love to see what direction or advice I can give. My inbox is open if you have any questions. 


Post: seeking Fix and flip HELP/ADVICE

Justin GallagherPosted
  • Posts 12
  • Votes 12
Quote from @Eliott Elias:

You can use a construction FHA loan


Hi Elliot thank you for reaching out to my post. at first when i heard about the fha loan i was intrigued however once i heard from others that i need w2 forms to qualify for that loan i started searching for other construction loans that are more self employed friendly. is that not true? i appreciate your feedback 

Post: seeking Fix and flip HELP/ADVICE

Justin GallagherPosted
  • Posts 12
  • Votes 12
Quote from @Jared Hottle:

Sounds like you have great skills and experience! Using that to your advantage to build wealth is a great idea! If I were you I would go to local banks, maybe some you have relationships with over the years and let them know what you are trying to do. Tell them about your remodeling experience, etc and I am sure there are a few that would love to work with you to buy a house and get a construction line of credit.


 Hi Jared, thank you for responding. if you dont mind could you elaborate on a construction line of credit and how it works? im not familiar with that process and it sounds like something that may be useful 

Post: seeking Fix and flip HELP/ADVICE

Justin GallagherPosted
  • Posts 12
  • Votes 12

Hello wonderful people of BP forums im seeking advice and guidance from experience RE investors. im new into the world of REI and i'm looking to secure my first SFR in the mid west. ive been working in the home repair and remodeling industry for 35+ years and ive been lucky enough to start my own home repair and remodeling business 1 year and a half so far and i would like to purchase a fixer upper and do the rehab work myself however i think a conventional loan is out of the question and i would be better off with a hard money lender to help with rehab costs but ive heard its hard to get a hml loan with out a lot of experience. im just not sure wat funding to do to

i appreciate any advice or guidance that anyone gives through this post. TYIA!

-justin