Hello. I've been reading these forums for well over a year...dreaming about being successful in the real estate industry. Like many, my funds are tight and the collectors are looming. My fiance suffered a back injury and no longer to work, so now everything's on me. Don't get me wrong, I'll work until my fingers falls off to support my girls and my fiance but it's just time for a change. So, rather than sulk, I decided to move forward. I've been working with an investor/rehabber for several months as an apprentice in order to gain knowledge without risk. He was then supposed to partner with me in a deal. He suffered a massive heart attack and is no longer with us. Don't get me wrong, I care but I no longer have an investor. So, I actually scouted out an investor on this site. I figured, hey why not go where the successful people are, right? We'll see if he actually decides to move forward.
In the meantime, I found an excellent opportunity where I live to partner with the county and purchase their homes for cheap and flip them. It's such a great program that they even help you place buyers at the ARV in efforts to keep the property values up...and they offer incentives to the purchasers which gives them grants for downpayments and closing. It just doesn't get any better. So now, I have unlimited access to homes that are sale for no more than $20,000 (that's the max) with guaranteed ARVs of at least $100,000. I even have a few buyers for the homes that I don't yet have...but not investor. Where should I look? I'm hoping that the gentleman that I've been speaking with decides to move forward. But if not, where do you look for true investors? Any suggestions or advice is highly appreciated.
House Hunting towards a $Million