The higher the risk, the higer his rate should be and lower LTV he may be willing to loanYou may want to partner with people first instead of going hard money so that you can build a track record of success.  

Hopefully getting the issues resolved, preventing future issues, and becoming more active with members of the HOA will get me back on the right track!

I desire to buy and hold multi-family properties (or possibly single family homes), and I hope the BiggerPockets site/community can set me on the right track.

From what I've heard, their training program is top notch and they will get you started on the right track with your career.  

I go to the Lake County sheriff sales and track the winning bids.

I am in the Wichita market area, and have built up a great backlog of eligible and approved renters in our metro and suburban circles.I constantly monitor and track data as to where the leads are coming from, what the renters want, price ranges, jobs, salaries and many more demographic markers.I am currently a managing partner in a property management company, who works with property investors, builders and individual owners - but things are changing quickly.We currently have nearly all of our inventory of single, duplex and multifamily units leased, but the demands are growing ever higher.

Hello everyone,So I bought a 2 1/2 acre piece of land with about 140 foot of frontage making it a long and skinny track of land. it has been on LoopNet for a while but I have been debating on what to do with it.

like Bill suggested it is possible with the proper assets and track record but not if your new to the industry

Here are the numbers -Purchase Price:$112,900.00Purchase Closing Costs:$4,000.00Estimated Repairs:$3,000.00Total Project Cost:$119,900.00After Repair Value:$135,000.00Down Payment:$22,580.00Loan Amount:$90,320.00Loan Points:$0.00Loan Fees:Amortized Over:30 yearsLoan Interest Rate:4.750%Monthly P&I:$471.15Monthly Income:$1,250.00 Monthly Expenses: $978.24Monthly Cashflow: $271.76Pro Forma Cap Rate: 7.44%NOI: $8,915.00Total Cash Needed: $29,580.00Cash on Cash ROI: 11.02Purchase Cap Rate: 7.90%This house needs a few repairs, most notably is the mildew/ mold in the upstairs bathroom, a garage door that is off its tracks, a broken window, a missing mirror, and some carpet that needs to be replaced.

Also, the person who is going to provide flip financing to someone with no track record is someone you already know or at least someone you know that knows so they won't steal it from you.