Start up Cash

[Sue Erling]

hi, I've been lurking off and on for a while. My partner and I are newbie- wanna be rehabbers  in Albuquerque. We had a financial partner, but that fell through. Both my partner and I have remodeling experience. I have a head for numbers and like to research things. We know we can make this work. We have determination. The one thing we don't have is $. I've gotten names of private and hard lenders, do these really work? Also does anyone have any ideas, (other than wholesaling) how to raise start up cash for initial costs, like earnest money and inspections. We have very limited financial resources, but very strong motivation. Thanks in advance for any advice.

[David Torres]

do you have any assets you can sell?  When we started out, we basically sold everything that wasn't bolted to the floor.  It was tough to get rid of things that you thought were needs, but when you sit back and truly evaluate are just want.  I will give you a few examples...for me, it was my dirt bike and guns.  For my wife it was her $1k+ sewing machine.  These were toys that were very important to us, bit we realized that our financial could be greatly improved by separating needs and wants.  Good luck and let me know of this fellow new Mexican can help out.