hello to all. just a quick description of myself. i am a real estate investor working in the western New York area. i have been doing this in this area for 12 years now, with many successes. i am a licensed home inspector, work as a handyman for a local property management company, and currently own several investment houses. i can safely say that i know the area quite well. given my home inspectors experience, i feel very confident in my ability to judge the condition of a house and evaluate the rehab to bring it back to a marketable condition. having a degree in accounting, i feel quite confident in my ability to manage the numbers part of the transaction as well. having recently passed a course in furnace installation and repair, i feel i can safely replace appliances such as the furnace if need be and a water heater if need be, saving large sums of money in the rehab. he is what i am looking for. i am looking for a HML to fund my latest find. a 4 bedroom, one bath house with two stall garage in a family neighborhood that i currently own 2 houses in and have purchased more in the same neighborhood in the passed. 

We will wholesale if we dont like the area, if the numbers dont meet our criteria or if we just dont have the capital to fund the deal. 

In the past we have approached the other owner about tenting for termites and he has always declined due to lack of funds.

I did a SFR flip there in 2015 and made a really good returnThey've been discussin LA River revitalization for 30+ years but it seems to be gaining steam, local gov is on board, and they've been approved some funding from the fed

Originally posted by Account Closed:@Paul Seidenzahl Be careful of Sub2 deals because it could come back to bite you once you miss a payment, and the owner tells the bank, they did a Sub2 deal to you, and the bank could foreclosure and if you don't have the funds to cash out the bank, you lose everything.

I am fairly new to the REI scene so not only do I not have the funds to straight up buy the property, but I also don't have much experience.

., we could both contribute to the same Solo 401k plan, but our funds have to be tracked separately.  

I purchased a property for $28,000 and didn't have the funds for the rehab.

Learn about funding options.

There is also the option of tearing the two down and building a new structure raised 1ft which would solve the issue.