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Updated almost 9 years ago on . Most recent reply

User Stats

18
Posts
3
Votes
Lamont B.
  • Realtor
  • Reisterstown, MD
3
Votes |
18
Posts

Securing funds for investment

Lamont B.
  • Realtor
  • Reisterstown, MD
Posted

Afternoon BP community,

I'm really new so bare with me.... Since reading Ultimate Guide provided by BP, I've been thinking about how to finance my first investment.  So far I've contemplated cash advances from credit cards, home equity loan (just moved in so may not be much there), bank loan, 401K, etc Is there a "best way"or get the funds from whoever is willing to give it to you.

Any guidance will be appreciated. Thanks

Most Popular Reply

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935
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274
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George Despotopoulos
  • Lender
  • New York, NY
274
Votes |
935
Posts
George Despotopoulos
  • Lender
  • New York, NY
Replied

@Lamont B. as a new investor, I would say go to banks as well. @Tom S. has it right. Smaller local banks are the way to go. But speak to everyone you can, big and small, and even credit unions. It's a time consuming process and you may find yourself confused or feeling overwhelmed, but that's why BP is here!

Also HS Mortgage like Patsy mentioned is a good option too.

  • George Despotopoulos

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