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Updated over 7 years ago on . Most recent reply

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Tony Marcelle
  • Bessemer, AL
32
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581
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Where do they get the money?

Tony Marcelle
  • Bessemer, AL
Posted

When investors buy pre-foreclosures by making back payments, where does one get the money to make the back payments? Are pre-foreclosures bought using subject to or lease option? Gurus who teach pre-foreclosure investing often fail to mention "where" to get the money to cover back payments if one does not have the money out of pocket to cover the debts.

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Nick C.
  • Investor
  • Tampa, FL
3,000
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Nick C.
  • Investor
  • Tampa, FL
Replied

Gurus fail to mention a lot of things. Namely any obstacles that might preclude you from being upsold on their "education" products. 

My guess is most investors get the money from their W-2 job. If you don't have any money, you will have to partner with someone who does. 

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