All Forum Posts by: Michael Hawrylak

@Dave D., that sounds great. I would love to meet up and see how we might be able to help eachother.

We own our home in Deltona, but just getting started in investing. My father use to have a ton of rentals / Brrrr properties. So I have some experiance there when i was younger, but there is so much to learn.

@Daniel Soyars, thanks for your reply. We choose whole saling as a means to build income so that we can invest in buy and hold (BRRRR), and fix and flips.

We figure mastering wholesaling would be the best way to get started. How long have you and your wife been wholesaling?

@Ronnie Monroe, thank you for your response. I would love to connect. We are just getting started. Been listening to bigger pockets pod casts daily for over a month now to and from work. We are at that point where we just want to start taking action.

We have experiance in online marketing and web design, so we figured we could use that to our advantage. We still need to figure out what title company to work with and get our hands on some contracts for purchasing and assigning deals.

How long have you lived in ormand?

Hey Guys and Girls, anyone wholesaling in Volusia County Florida? I live in Deltona and work in New Smyrna Beach. My wife and I are just getting started and i would love to chat with sone locals who are either doing wholesaling now, or started off wholesaling.

If anyone in the area is intereated in a meet up, that would be awesome too.

@Joel Thompson,

O okay, that makes sense and would be a good way to put away some capital.

@Joel Thompson,  Thank you so much for your feedback.

What do you mean by "Assign Some Deals"?  

Thanks

@Andrew Flora, thank you for the feedback.   Gives me a lot to think about.

@Andrew Flora,

Thank you for your response. The VA loan thing is one that we have talked about. After we live in our home for a year or more, we thought about the idea of finding another home, and at the same time finding a renter for our current home. With the advise of a friend we figured we would increase our Income and almost liquidate the current mortgage by having a signed lease at the time of the new loan for another home.

I am trying to learn as much as I can in the mean time.   I came accross the Hard Money Topic and got interested because it seemed to be something that would fit our current situation.  However I know the Interest Rates are higher and the Terms are very Short.  Which got us thinking about Flips.  Though many of these Hard Money Loan providers also offer 30 year mortgages at pretty standard rates from what I see, and a few allow of a transition from Hard Money to 30year mortgage.   

@Jared Hauf

Thank you for your response. We purchased our home back in September of 2018 with a VA loan. I do not currently own the home out right, and I do not think that we have much Equity in the home currently. I did talk to my broker who got us into the home about potentially using a HELOC. Still waiting to hear back from her.

Good Morning BiggerPockets Community,

I am new to Real Estate Investing.   I grew up watching my father buy, renovate, and rent out properties.  When I was a young kid he had 13 total rental properties, all Duplex's all rented, So 26 units in total.   Unfortunately, he is no longer involved in real estate.

My wife and I are trying to get started in Real Estate Investing, both Flipping as well as Purchasing Rentals.  We currently own our own home, and this was our first purchase.  We do plan to rent this home out later in the future when we decide its time to move on to a new home.

Here is our current situation.  I work a full-time job, my wife is a travel agent and works from home.  Due to a custody battle, all of our funds got tied up with our attornies, and our credit is not so good at the moment.  

After digging into some of the basics in Real Estate Investing, I was wondering what you guys think of Hard Money Lenders?  My thought is that we could find our selves an Equity Partner who can put up the Down Payment or fund the entire project.   However, if they were to put up the down payment, do you guys feel that working with a Hard Money Lender would be wise considering we are just starting out?

Also, what other recommendations do yall have for us to fund projects with little to nothing out of our own pockets?  What worked for you in the past?

Thank you so much.  I look forward to reading your responses.