NO MONEY! How do I find funding for deals!?!!!
Sooo let's get right to it . I have no money have been studying all the no money investment strategies. But I can't seem to have any luck , started off wholesaling, didn't get a single deal . That strategy was far to competitive and border line illegal for a me as a rookie to come in and be successful. I've left that strategy alone to Focus strictly on BRRRR investing.
I know how the strategy works and have plenty of leads coming in and have basic skills on estimating rehab cost but HARD MONEY LENDERS are my problem. Every hard money lender I have spoke to wants you to either have a track record of deals you’ve done (I have none ), you to cover all the rehab( no money) and or to put a down payment on their loan to you. All of this at 15% or higher interest rates.
So to keep it simple as a newbie how do I find partners/ lenders to help fund my deal?