How to Find Private Money/Structure Terms and contracts

[Chris Thomas]

I am looking to expand my portfolio, but am short on funds and want to start using other peoples money. Where/who can I go to for down payment and reserves to qualify for hard money and DSCR loans. And once financing is secured how are contracts written or are LLCs created for each partnership with % ownership. Just trying to learn how involving partners is done.

[Chris Seveney]

Quote from @Chris Thomas:

I am looking to expand my portfolio, but am short on funds and want to start using other peoples money. Where/who can I go to for down payment and reserves to qualify for hard money and DSCR loans. And once financing is secured how are contracts written or are LLCs created for each partnership with % ownership. Just trying to learn how involving partners is done.

Have you ever done a deal? IF so, does your current portfolio have equity? Getting down payment reserves does not exist. Personally if you have no money, you have no business buying real estate. Majority of people who get into real estate with no money and no way of earning it on their own end up in a very bad spot. Not meant to be harsh, meant to be real that most who think real estate is easy and money grows on trees who have never saved money should not be in this business.