I'm a handyman( specializing in all trades that has to do with remodeling)..just moved to sarasota(florida) from las vegas....and looking for private person or investor who has finances or credit to purchase a fix & flip property.

Post a live chat in our forums or have your own private chats.

Your first mistake as an investor would be to go to your local bank to seek financing, or worse, go to private or hard money lenders.

I found quite interesting your discussion about LLC, in my previous experience I realized that being an owner of LLC is generally much better then being the private owner (not only property btw)!

Heck, I'd bet 90% of the US population is within 3 missed paydays of losing their house and car, everyone is living paycheck to paycheck.

You as a private citizen could do a deal like this and become an over night investment guru, where a licensed agent can not only find themselves at risk of losing their licensure, but quite possibly fines and legal problems.

U bet, 8) I've spent the last 5 years cultivating a portfolio of private lenders for virtually any scenario(loan) You could possibly need, including but not limited to 80% ARV(after repaired value), NOT Purchase Price, Purchases at 80% of APPRAISED Value(not purchase price), 80% of Appraised Value Cash Out Re-Finances, & most closings occur w/i 48 hours.

Charles Parrish wrote:Make sure you have a back door clause (subject to and contingent upon third party assignment before settlement) and that you give yourself enough time to re-cycle the property (buyer shall have 60 banking days to settle) and a safty clause (buyer has the right to extend the settlement by 25 banking days if necessary to complete all settlement paper work) and make sure you have the right to remarket the property before settlement ( buyer has the right to remarket property by private treaty or public auction any time before settlement)......and so on.

Leah is Dead on Correct;New Money, THINK OUTSIDE the BOX(I know this is WAY overused as a term, however)95% of the folks in this business make $$ 1 way....I chose the other;Cultivate a portfolio of PRIVATE Lenders....offer bizarre loan arrangements that are so far from "normal" banking procedures that the borrowers(& Lenders) are ringing Your phone off the hook...catering 2 flippers/folks that can/need ONLY private $$ w/a proven track record is what it's all about 4me;When was the last time U heard of a flipper/rehabber getting $55k BACK at the closing table along with ALL THE REHABBING Costs on TOP of THAT!

Trusting that private investors actually have the cash they say they do!