Money Reserve Alternatives

[Kevin Izquierdo]

Good Morning BP community, I was wondering if anybody has used any alternatives to money reserves. Can an investor use hard money lenders or private lenders to pay for a few vacant months on a MF rental property or maybe a closing cost? I dont have much in money reserves and it takes me a while to build that up. Any advice would be greatly appreciated.

[Dmitriy Fomichenko]

Originally posted by @Kevin Izquierdo:

Good Morning BP community, I was wondering if anybody has used any alternatives to money reserves. Can an investor use hard money lenders or private lenders to pay for a few vacant months on a MF rental property or maybe a closing cost? I dont have much in money reserves and it takes me a while to build that up. Any advice would be greatly appreciated.

Kevin, I understand that you want to get started in rei as soon as possible, but trying to find an alternative to the cash reserves is not prudent financially. I want you to be successful and start asap but not doing it correctly might come back and bite you...

“Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty.”

Proverbs 21:5