How to get opm on first time investment.
So I'm still lost on how to find private lenders. My understanding is that if it's my first attempt at property investment that opm won't work and nobody will do a deal as such. Do NOT say " someone you know". Not everyone has rich people in their lives. So then am I out of luck?
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- Rental Property Investor
- Brandon, SD
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I hate to say this, but it's always someone you know. You may not have a rich person in your family or friends, but there are many people out there who have money to invest. Start by networking at real estate investment meetings in your area. It's not about knowing rich people, but more about getting to know people in general. It's OK if you are just starting out. Come to an investor with a great deal and give up a piece to them in return for their cash and you'll have yourself a deal with none of your cash in.