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14 February 2025 | 7 replies
@Austin Tessyes, you can get a loan to do a flip, but flipping still requires your own cash - it's typically impossible for a brand new investor to borrow an amount that covers all of the costs of a flip.
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24 February 2025 | 16 replies
Yes, all those are considered but I always appreciate more experienced investors looking out for me so thank you
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18 February 2025 | 25 replies
And then you have BP and an army of experienced investors happy to answer your question or poke holes in your deal before you pull the trigger..Be honest with yourself, are you looking for moral support?
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20 February 2025 | 1 reply
Hi Kanaam,To start, focus on financing—U.S. lenders may require higher down payments (often 25-35%) for foreign investors.
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26 February 2025 | 2 replies
However, for most investors, this isn’t always a practical option.
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26 February 2025 | 5 replies
If you have any further questions or need additional details, please feel free to reach out.Thank you for your time.Dana@Dana Lee Fuller I completely understand and as a former Director of Lending for a CDFI in the Midwest that financed the gut rehabs of mostly abandoned 2-4 unit MF properties, I've worked with similar developers that are targeting more of a "social impact" investor base.
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23 February 2025 | 9 replies
Quote from @Evan Thomas Andriola: Cleveland investors,What are your thoughts on investing in a property that is currently vacant?
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14 February 2025 | 17 replies
Quote from @Allen Zhu: Is hard money lender worth it for first time investors?
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21 January 2025 | 2 replies
If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.
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19 February 2025 | 5 replies
All the best to you during your last semester.Househacking is one of the most common routes for new investors in NY.For best returns, I'd recommend focusing on South and Southeast Queens, Central and Southeast Brooklyn, and the Bronx.There are parts of the suburbs (Westchester and Long Island) that have househack opportunities but the property taxes are higher and the commute time to NYC is longer.Abel