All Forum Posts by: Eve Elomina

Steve, I highly recommend you use leverage and minimize your own money in the deal. You can keep your 200K or almost all of it, find home run deals and duplicate over and over. You run the risk of tying up your funds, losing your funds and limiting your ability to invest and spend your own money. You could easily collateralize that cash too and get a private money loan. I also caution you about the deal, their are smoking deals out there everywhere. I recommend only doing deals with strong exit strategies, preferably multiple exits. 50% LTV and rents that are 1.5-3% of purchase.

[REMOVED - Site not functional] has good evaluations of the top markets in the US. But like many have said, you can find great deals in any market or you can fall flat on your face. Pick a market that you are comfortable with, you can find great deals and duplicate over and over.

A safety net is nice, but I recommend using Private Money and funding your deals 100%. Then find great deals, not good ones, great deals. Deals with multiple exit strategies with plenty of equity and cash flow. I can send you a free guide on raising private money, if interested drop me an email.

Have you tried Private money, hard money lenders or joint venture? I run into the same problem all the time and have passed up great deals, the best solution seems to be private money. [SOLICITATION REMOVED]

I am an experienced investor with a proven track record. I have done really high end rehabs, new construction, out of state rehabs, rentals, commercial, you name it. I am finding more deals then I can fund right now but do not know many private investors. Everyone seems to be sitting on the sidelines. I am finding deals 50 cents on the dollar with tremendous cashflow. That type of equity and cashflow result in multiple exit strategies, very low risk and ability to make it well worth an investors time. I am seeking 1-3mil to do cashflow REOs and commercial deals. How would you find these investors? By educating investors on what I do, the deals I have done and what I am offering, I know I can build the trust necessary for investors to step to the plate. I basically want to provide them the information they need to make the best informed business decision. I just need to find investors and give them info on my business plan and what I do. How do you recommend finding private investors? Do I mail to my target? Find Self Directed IRA groups? Are their websites that work? I know I can find, do and exit deals. My only challenge right now and with most investors is funding deals. I greatly appreciate any help.

-Ryan

Many areas I believe have hit bottom, if they haven't it just means better buying opportunities for smart investors who like to buy low. Areas such as CA, AZ, FL, Vegas still have a ways to go down. Check out this Summer 2008 Risk Index.
http://www.realwealthnetwork.com/articles/pmi_summer_2008_risk_index.doc