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Updated almost 7 years ago on . Most recent reply

Willie Cunningham's profile image
Willie Cunningham's profile image
Willie Cunningham
  • from Jefferson Cty, Missouri
  • Member since Sep 1, 2017
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Willie Cunningham's profile image
Willie Cunningham's profile image
Willie Cunningham
  • from Jefferson Cty, Missouri
  • Member since Sep 1, 2017
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Willie Cunningham
  • Jefferson Cty, MO
11
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Innovative Strategies

Should I do private money or get a regular loan for a deal?

Willie Cunningham
  • Jefferson Cty, MO
Posted
I have been thinking of ways to jump in and get started. Should I seek out private money and face high rates or should I save money for a regular home loan instead? I have been studying different strategies and feel like I’m comfortable with my choice. Any advice would be great!
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Arlan Potter's profile image
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Arlan Potter
  • Investor/Accountant/Builder
  • from Meno, Oklahoma
  • Member since Jun 17, 2014
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Arlan Potter's profile image
Arlan Potter's profile image
Arlan Potter
  • Investor/Accountant/Builder
  • from Meno, Oklahoma
  • Member since Jun 17, 2014
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

I suggest you save some money, and buy a cheap house for cash, fix it up and get it rented. Then cash out refinance on the rental and buy 2 more cheap houses. Repeat many times.

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