How to find creative creative funding

Question

Hey BP!

I am just starting out and I am currently in the education stage of my journey. I would like to purchase my first property within the next year or two, but I’m a little confused on how I could fund multiple deals?So far the only thing I am familiar with would be house hacking or traditional financing, however for the amount of money I make these strategies would only allow me to ever do about 1 deal a year and I don’t plan on doing 1 deal a year forever. Does anyone have any advice for how I would start to upscale and start to do multiple deals per year?

Will Fraser · Answer

Hi @Brandunn Lorenz, I think you'll find that if you'll start strong and be faithful with what you CAN do, you'll come into more opportunities than you can see right now.

On the contrarian side, I want to point this out: If you did only do one deal a year forever, here's what that would mean.

• 30 years from now you'd own 30 cash-flowing rental properties, each giving you tax advantages, debt paydown, and appreciation.
• Year after year you would continue to learn and earn.
• You would be outperforming the VAST majority of people who talk about real estate investing.

Back to the original point though, be faithful with what you have now, learn as much as possible while doing, and you'll find more and more opportunities.

Will Fraser · Answer

Yessir, I would simply make the best "next right move" you can and then reassess, check your vision and goals, then take the next right move.

For my money, I'd start with doing a house-hack, then move from there in a year to the next right thing :)

Brandunn Lorenz · Answer

@Will Fraser thank you for the advice! I think where I’m finding confusion right now is, I don’t know what I don’t know, so I don’t know the full extent of what I can do. Would you say just start with my first property and see where that takes me?