Where do i get the money to start ?

Question

i be seeing properties listing for over 100k, where do i get the money to start a deal ? im all up for investments, i invest in jewelry but i wanna take stuff to another level.

Account Closed · Answer

Hard Money, Private Money, Bank Financing, Owner Financing. Check out the bigger pockets youtube channel on ways to do creative financing. If the deal is good you shouldn't have a problem getting the money

Anjlia Holiday · Answer

There are traditional financing methods and creative methods. Try to narrow down what end game you would like. There are threads here on BP that touch on wholesaling, buy/hold, fix/flip.

Look at going to events in your area. There you can network with others. Look on Facebook, Meetup and also on here under Events.

Manuel Angeles · Answer

You can find lenders on Scotsman Guide and Private Lender Link:

https://www.scotsmanguide.com/Residential/LenderSe...

https://privatelenderlink.com/

Most lenders usually lend up to 75% LTV on 1st TD... some will go up to 80%, 85% even up to 90%.

For the remaining 10% to 25%, Lenders expect you to bring that yourself as your own equity / "skin in the game."

If you do not have 10-25% down, you can find private individuals / investors who would be willing to bring that on your behalf. They would secure their capital with a promissory note secured by a deed of trust on 2nd position subordinate to your 1st TD Lender.

Where do i get the money to start ?

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