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Updated almost 10 years ago on . Most recent reply

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201
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Orlando Paz
  • Investor in the making
  • Orlando, FL
49
Votes |
201
Posts

Looking for advice on initial MH startup funds

Orlando Paz
  • Investor in the making
  • Orlando, FL
Posted

I'm excited, and ready to "pull the trigger" with MH investing! The only drawback is... Initial funds to get things going. At this point, I realize that saving is probably the only option. In keeping with what Robert Kiyosaki stated... instead of saying I can't afford it, I am trying to figure out... How can I afford it. With that being said, I am thinking that perhaps taking out a personal loan (the micro version of a hard lender!) might be a possibility. I am open to ideas on creative financing. I am fired up, brainstorming, and open to suggestions. 

Most Popular Reply

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121
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74
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Sam Ally
  • Lender
  • Orlando, FL
74
Votes |
121
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Sam Ally
  • Lender
  • Orlando, FL
Replied

Orlando:

You are in debt already, my suggestion to you is to seek out someone within your area operating the type of business you wish to engage in.  You have no $$$ & lack the proper knowledge, so your first step is to educate yourself.  As we say to anyone new to this business "you don't even know what you don't know yet" .Attend all the RE meetings in your area to learn about "who's who", listen learn, watch them do. Since you have no $$ you can offer sweat equity in exchange for knowledge. Contrary to "reality television" and a host of seminars this isnt easy nor will you become an overnight millionaire. Knowledge, relationships, hustle is where it starts.  

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