All Forum Posts by: Ned Canada

Hello everyone, and thanks for reading this! My wife and I have been planning our first flip for months now, learning the basics of the planning phases, finding a Contractor, lining up my real estate agent, researching materials, etc. We are actually a few days away from starting the buying process for our first deal. However, in the middle of our research, we’ve found a deal outside our normal window. We’ve been looking at using a hard money lender for our flips, since neither of us have the finances to qualify for a conventional loan. But this falls outside the scope of our lender. The margin between purchase price and ARV is too small. But it’s a solid deal, otherwise. My question is this - what’s the best way to go about finding alternative funding? We are considering a private money lender or a partnership, but being new to REI, we haven’t made these contacts yet. Anyone got some suggestions? They’re gratefully accepted!

Hello and thanks for reading this! My name is Ned in Orlando, and I'm a recent addition to the idea of real estate. My wife and I have looked into the idea of investing for years, and we've decided to jump in feet first and get onto the train! Especially since Central Florida is just exploding right now!

Our wish is to meet others in the Central Florida area that would be able to explain much more in depth over cups of coffee or the internet. We're currently friends with a real estate agent and a contractor, but since we can use more, I'd love to have more contacts with experience that would be willing to talk to us much more about the game! Finance, realtors, brokers, wholesalers, you name it - anyone that's willing to help some newbies and build up a long-term relationship!

We are thinking of starting with a fix and flip strategy, at least until we get a much better idea of what we're doing, before we start looking into Multi and the idea of renters!

Thanks again, and we're looking forward to hearing from everyone!