I'm rehabing a flip house with an investor, (my first deal.) Well the investor paid cash for the house and when we sell the house we split the profit. My job is to remodel the house with a set amount of money (all the money the investor has left.) Well we are almost done and don't have enough money to finish the remodeling. So today I contacted some lenders I found in the local newspaper, and we are getting a loan at 10% interest due in one year or when we sell the house.
Also, I stopped by a real estate office today and looked at some listings with an agent and talked a bit for about a half hour, as I was leaving they invited me to attend a RE club meeting this evening which I did attend and made a few friends and contacts.
I'm rehabing a flip house with an investor, (my first deal.) Well the investor paid cash for the house and when we sell the house we split the profit. My job is to remodel the house with a set amount of money (all the money the investor has left.) Well we are almost done and don't have enough money to finish the remodeling. So today I contacted some lenders I found in the local newspaper, and we are getting a loan at 10% interest due in one year or when we sell the house.
Also, I stopped by a real estate office today and looked at some listings with an agent and talked a bit for about a half hour, as I was leaving they invited me to attend a RE club meeting this evening which I did attend and made a few friends and contacts.
Very Cool!!!
Dave