Acquiring Funds For First Wholesale/Flip/Buy & Hold

[David Battle]

I'm a recent college grad looking to complete my first deal. I want to get started early but don't have any investors as of yet. What route would you guys recommend to get funding for my first property? Would you recommend getting a loan from my bank?

[Jonathan Godes]

If you find a good enough deal, and can run a fix and flip, then you should get it under contract and then list the deal in the BP Marketplace. I fund theses types of deals (usually 60/40 depending on the deal and the flipper's experience) and is a great way to start to build your portfolio and brand. 

Once you get more experienced and bring that experience to the table you can probably command a 50/50 split. If you can find deals with $50k on the bone and be fine with making $20k, you can make a nice living doing 4-5 of theses a year. If you do 10-12, then you can begin to risk your nest egg and not have to split the profits with anyone.