Updated about 5 years ago on . Most recent reply
Funding
why is it so hard to get start-up funding?
Most Popular Reply
Hello Darnell,
If you find a great deal and present the lenders with an analyses spreadsheet that shows your deal, as well as at least one exit strategy to secure your deal, then it should not be hard to find lenders. Once you get your first deal lended, then it will be a piece of cake moving forward! I have a list of friends that want to get in on my deals. They came to me, I did not ask them for money. When they see you successfully making profits in real estate, is when they will come to you.
Present the bank or lender with a spreadsheet analyses that looks professional, and they will take you seriously. It's all in the numbers as far as lenders are concerned. It also helps to provide them with exit strategies incase the deal you worked out doesn't go as planned.
Hope that was helpful.
Melissa