Where do i get the money to start ?

3 Replies

Hard Money, Private Money, Bank Financing, Owner Financing. Check out the bigger pockets youtube channel on ways to do creative financing. If the deal is good you shouldn't have a problem getting the money

There are traditional financing methods and creative methods. Try to narrow down what end game you would like. There are threads here on BP that touch on wholesaling, buy/hold, fix/flip. 

Look at going to events in your area. There you can network with others. Look on Facebook, Meetup and also on here under Events. 

You can find lenders on Scotsman Guide and Private Lender Link:

https://www.scotsmanguide.com/Residential/LenderSe...

https://privatelenderlink.com/

Most lenders usually lend up to 75% LTV on 1st TD... some will go up to 80%, 85% even up to 90%.

For the remaining 10% to 25%, Lenders expect you to bring that yourself as your own equity / "skin in the game."

If you do not have 10-25% down, you can find private individuals / investors who would be willing to bring that on your behalf. They would secure their capital with a promissory note secured by a deed of trust on 2nd position subordinate to your 1st TD Lender.

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