First Investor Obstacles

[Ivan B Espinosa]

How do first time investors in real estate get over the hump of not having enough capital that lenders require in order to invest in this business? I am aware of credit cards but hard money and gap money lenders both require the same thing.

[Craig Curelop]

@Ivan B Espinosa - As you've heard many times there is really no shortcut to real estate investing. You have two options here:

1. Pay extraordinary fees from a private or Hard Money Lender today. You likely won't make much money, but you will certainly learn quite a bit.

2. Pinch your pennies and save until you have enough money to fund your own deal. Do your deal (maybe 2 or 3) and build your reputation such that outside investors will be comfortable lending to you.