All Forum Posts by: Michelle Ferrand

Great job @Huy N. !

Hi Steve,

My partner (@Stephen Johnstone ) and I are also in Van Nuys and starting out in rehabbing and are in a similar-ish boat.

Have you gone to any real estate investment groups/club meetings/FIBI meetings (For Investors By Investors)? These meetings are great places to network with people who might be able to help you out.

A hard money lender (HML) is probably going to be the way for you to go, with a "gap" funder (someone to pick up the remaining portion of the project that the HML doesn't cover). HML are expensive though, so you do need to look carefully at the numbers to make sure it works for you.

I suggest going to some meetings to start networking and contacting HML to learn what their process/parameters are for lending money.

Send me a PM and maybe we can arrange to meet up at a networking meeting in the area.

You may have already done this, but maybe try doing a google search for "quickbooks for real estate" there are probably some tutorials out there that will be helpful.

Also, I use quickbooks for a different industry and am super new to using the software, and when I have questions I have found the support center walks me thru the solutions clearly.

Sorry I could not be of more help.

@John Lowery , Yup, exactly what @Jordan Thibodeau said. It definitely takes putting yourself out there.

I have found that going to REIA meetings and just chatting with people about your goals and asking questions has been a great way to find people willing to help you out.

Hope that helps!

@Stephen Johnstone glad you finally signed up!

Yup @Jimmy Hong that is what I was asking :)

Wow @Jimmy Hong !

I love what you did with the place.

I am in Southern California as well and curious what kind of funds you used to complete the project?

@Jeff Greenberg it is Invest Club for Women. I know there are some BP people who go to those meetings, and I definitely will keep my credit card at home!

Thanks for the link to the club you run!