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Real Estate Deal Analysis & Advice

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Rafael Perez
  • New to Real Estate
  • Omaha, NE
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45
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Financing for our first deal

Rafael Perez
  • New to Real Estate
  • Omaha, NE
Posted Oct 26 2020, 10:36

I recently got connected with another new real estate investor here in Omaha and are running into some trouble. We have an agent working with us to find us deals but we are stuck on how to fund the deal. We got connected with a lender but like all smart lenders, they want us to have some skin in the deal in order to proceed. So this is where my question comes. Since we are new investors, what do you think is the best route for us to take in financing our first deal. Should we continue searching for financing and determine which has the best terms? Or should we be looking more towards hard money lenders? Also, our current lender recommends we open a line of credit through an LLC. What's the best route for us to take to secure our first deal?

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