Harrison, OH · Member since 2013 · 2 posts · 0 votes
I'm an eighteen year old, visionary real estate investor & entrepreneur living in Cincinnati. I plan on moving to Los Angeles, California next year to study entrepreneurship & real estate at USC. I am interested in investing in single-family homes in Southern California and I need advice on how to fund a project for a single-family home. I would obviously be leasing this home to clients and vacation renters within the area. If anyone could give me tips, advice, etc for my professional career it would be really appreciated. Feel free to network with me and ask many questions! Thanks!
Rehabber · Albuquerque, NM - New Mexico · Member since 2011 · 283 posts · 38 votes
13y
Basically:
1. Hard Money
2. Private Money
3. Partnership
4. Traditional/Bank
5. Credit Cards (which is very iffy and probably hard to do. But it's been done. But most wouldn't recommend.)
There's probably more ways, but that's just off the top of my head... It's a general answer, but it's been answered a lot of times and I think you can find a better, more comprehensive answer by using the search function.
But I think it's great your starting and welcome to BP! I sincerely think you'll have a bigger benefit searching through the forum. :)
Harrison, OH · Member since 2013 · 2 posts · 0 votes
13y
Thanks for your reply Manuel! I appreciate the feedback! First of all, I understand the basic forms of loans, etc. I'm just having a difficult time finding the hard and private money in order to establish real estate investing. I estimated $70,000 would sufficiently give me the spark I need to turn this into a wildfire of growth and opportunities. What are your suggestions?
Rental Property Investor · Phoenix/Lima, Arizona/OH · Member since 2012 · 4k+ posts · 4k+ votes
13y
Hello Cameron Feldhaus We are neighbors. I am in Lima; about 2 hours up from you on 75. I lived in Cinci for many years and know that market.
If I may note, judging by your questions and comments, you are not ready to deploy capital. Conceptually, the main reason you are struggling to find money is because you are not ready to handle money – and money knows this.
You are enthusiastic and I would bet that you will succeed eventually. Remember – the only thing more powerful than money is knowledge! BP is a great place to start.
Question: Where and how exactly are you planning on studying entrepreneurship in SoCal?