All Forum Posts by: Ope Akanni

Hello everyone

I will lay out my current situation and hopefully get some experts to advice on how to go about things.

I bought my primary residence home in June 2021 (new construction home) and building and closing won't be completed until June 2022.

I'm looking to finance my first deal (fix and flip or brrrr) using hard money lenders and I've been told by the hard money lenders that they have to pull my credit before giving me a loan. I'm reluctant to do this because I dont want to hurt my score before closing on my primary residence. I have some cash but I also dont want to put all my cash in one deal for the sake of risk management and all. What options do I have? Id there a way around it without pulling my credit? I have a credit score in the 700s but I just dont want to hurt my score before closing my primary residence.

I also just set up an LLC but been told by the hard money lender, they wouldnt lend to the LLC but only to me as an individual.

Lastly, for those that have do more than 5 deals a year, do you then have to pull your credit on 5 occasions?

Appreciate any guidance as to how people have gone about this.

Thank you

Hi everyone

1) I started to talk to Skystone Acquisitions. Anyone done a deal with them and will you recommend?

2) Assume I finally get a deal, do you have affordable General Contractors that you'd recommend? I would like to have a few so I can compare prices of what needs to be done

3) Any additional tips from anyone who has gone through this process or going through this process will be greatly appreciated.

Thank you

Ope

Hi everyone

I'm finally ready to get my feet wet and I'm looking to flip a single family home or multiplex (depending on the cost). I'm looking to be introduced to wholesalers that I can get attractive deals from and get started. Below are few questions that I have:

1) If you have wholesalers in the Atlanta area that I can get quality deals from, please share with me

2) I started to talk to Skystone Acquisitions. Anyone done a deal with them and will you recommend?

3) Assume I finally get a deal, do you have affordable General Contractors that you'd recommend? I would like to have a few so I can compare prices of what needs to be done

4) Any additional tips from anyone who has gone through this process or going through this process will be greatly appreciated.

Thank you

Ope

Hi @Kristian Walker

@Kristian Walker

@Kristian Walker

I’d love to follow this thread as well as that’s my biggest pain point