All Forum Posts by: Matthew Duprey

@Kai Kopsch that's kind of what I was afraid of. I guess the old saying it takes money to make money is true! I don't mind investing my own funds, I'm just afraid I don't have the available funds to get started.

@Nicole Heasley I don't have a local meetup. Can you give me an idea of places to look or start looking at? 

@Eric Whiting , Thanks for the quick response. I'm in Kansas City and I would love to pump out 50 to 100 a year. Obviously I don't expect to do that in my first year. All though I would not stop myself if it came to that. I would like to turn this into my full time Job. I would start by doing most of the work myself and hiring out only what I thought would be financially beneficially. I'm not opposed to getting my own group of works and have them doing everything, but I think I would prefer to get started by doing most of the work myself.

My Business would be progress into a couple phases. First would be to Fix and Flip full time. Then Buy, hold and rent, then move to self manage as the funds become available.

Again thanks for your awesome and quick response.

Hello, my name is Matt and I'm trying to start my own fix and flip business. I stumbled upon the forums when I was searching for information on Private Lending and how to get them or find them. I hope to start providing quality work, that seems to be lacking in my area.

Good Morning, My name is Matt and I'm making this my first post in the hopes that someone can help, or lead me in the correct direction. I have been fixing and updating my own house and family members houses for 4 years. I'm currently in search for a new home myself as my current family has out grown our current one. In the search we have seen so many houses, where it looks like a company has gone in, rehabbed it, done a shotty job or just down right poor work. Every time we look at one, I keep thinking to myself I could have done so much better. My wife and I have thought about it for years, but my income currently supports the entire household. So you taking the risk is well risky.

I guess my question is how do I get someone to help fund me to do the business? I can't fund buying a house and paying for the renovation on my own. My wife and I have a done a great job in our personal finances as the only debt we has is our home. We only have another 70K left on that. I don't have friends that are financially able to help as suggested in some of the pod casts. Does that mean I have no chance in getting a private lending investor? I was interested in doing a hard money loan, and then private lending to cover the 20%, but again I come into the issue of not knowing anyone that can financially help.

Additional questions. If I do find funding, and get my business going. Would you sign a contract to guarantee to work with a Private Lender for a specific period of time. For instance if we are splitting profit 50/50 and I save up enough to go out on my own in 8 or 9 months not needing the lender anymore. Would it be courtesy to continue to work with the lender for a specified time showing your appreciation for there support in helping me get started?

Anyone that has been in my situation, or knows of any real world valuable information that would help me get my business started, I would be truly grateful.

God Bless Matt