Buying Properties Without our own Money

[Marc Latreille]

Hi folks,

So my partner and I are getting started in Real Estate, got wholesaling experience, but now want to build our own portfolio

We are looking at deals in which we do not put our own money. We will be raising capital, offering 8-12% returns to investors, but we first need a track record, so we chose to find deals and finance them via Seller Financing, combined with Hard Money

Problem is, no one wants to be in 2nd position for a mortgage, and all lenders ask for cash of our own up front (several hundred thousands, which we of course, do not have)

Any suggestions? Anyone has experience in starting out without money? We are in this for the long run, and figure that when we have financing figured out, sky is the limit.

I am sure there is a way around these issues, can anyone help?

Thanks in advance

Marc