got my first property under contract

Now I'm looking to fund the property. Any sugestions on where to look for lenders. Thanks all

What are you trying to do?

Valuni's picture

Hey Tony,

what are you trying to do with the property? Wholesale? Flip? Buy and Hold?
You also need to post some more info about the property that you have locked up...

You want to have a list of buyers to whom you can assign the property, or you want to have a partner to finance the deal if you want to flip? If you want to buy and hold, how do you plan on paying for it?

good luck with your deal,
Valerie

property under contract

I have a property in Laguna Beach, Calif. 2 bed 1 bath 800 sq ft. nice location near beach. I would like to wholesale, If not get a partner to finance the purchase and rehab which would bring in alot more profit. I'm also in process of acquiring a couple more just like it. I'd like what advice anyone can give me. Thanks

I finallly did one!

I found out personally, That all that Dean is teaching really works. I just did a wholesale deal in Laguna Beach Calif. and am on my way to do more. I got this property under contract, 2bed 1 bath about 706 sq ft. near the beach. While I was inspecting the property. I ran into a person that had put an offer on the same property but didn't get it. I asked what he wanted it for and he said that he was going to give his house to his son for medical reasons and that he would move into this one. Well to a long story short I agreed to wholesale the property to him. I couldn't assign it,it was an REO, and wasn't enough time to do a double close. So he agreed to loan me the purchase price and to give me $10K when we quitclaim the deed to him after close. So we did and it all work out. One thing I learned is to think out of the box. Now I'm ready for the next one.My advice for those who are just starting out,Keep making offers, they will come to you and you will know what to do with them. Good luck and Happy Investing.

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