Finding lenders who are willing to help finance a project.

[Jessica Hollis]

Hello, I am looking for advice on finding lending options towards my first investment property. I have assisted in flipping other properties but am having trouble starting due to the down payment and financing. I would like to do this full time. I have the credit just not the capital. Any advice on where to start would be greatly appreciated.

[Brenden Mitchum]

Hi @Jessica Hollis, welcome to the BP community!

So let me start by posing a question: How were those flips that you assisted financed?

While having a ton of capital certainly helps one get started, there are people getting started every day in real estate with little to none of their own money. A great place to start is @Brandon Turner's Book on Investing in Real Estate With No and Low Money Down. The key here is to leverage opm (other people's money). This could be a friend or family member, the seller, hard money, etc. 

When you say you want to do this full-time are you referring to flipping or a different strategy?

Please, feel free to message me anytime if you have questions or just want to chat.