I do have a wholesaler wholesaling me the deal and I will in turn wholesale to another person.

@Hyeseong ParkAre you buying with cash just to get the deal?

I'm not a big fan of having partners on deals to start with, but having a partner who has investment properties that are in disrepair would be a warning sign to me. 

Petersburg market, but I’m open to single family homes as well, if I can find a good deal.

I am reaching out to see if anyone may have some suggestions on which small markets across the country (City or State) that may be a good place to start looking for deals here in 2024?

You’ll either find a better deal or find out it’s “normal” for your market. 

Probably 80% of the deals we do for clients are on the MLS too.

Looking for mentors and opportunities to learn how to evaluate real estate deals.

I need help on the lending side for this potential deal...I am negotiating a purchase agreement with a seller carryback of 20-30% as a second-lien position. 

Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.