All Forum Posts by: Erik Öman
Erik Öman has started 1 posts and replied 3 times.
Post: How can someone new to real estate investments raise money?
- New York City, NY
- Posts 3
- Votes 0
Thanks for all the answers! :)
I realise now I may have to start smaller and work my way up.
So for now I am just going to study a bit more, learn some more
about real estate investing and hopefully do my first deal soon when I am
a bit better prepared.
Post: How can someone new to real estate investments raise money?
- New York City, NY
- Posts 3
- Votes 0
Okay, thank you for the answer. Do you think that a combination of bank loans, seller-financing and private lenders could work? Say 60% bank loan, 20% seller-financing and 20% private lender?
Post: How can someone new to real estate investments raise money?
- New York City, NY
- Posts 3
- Votes 0
Hi everyone!
I want to start out investing in real estate. Apart from reading a lot about it I have no prior experience
in buying investment properties. I live in Sweden, but since my long term plan is to move to the US my wish is to start buying properties there. Investment properties in Sweden also seem very overpriced at the moment, with a lot lower cap rates than what the norm seems to be in the US.
I am 22 years old and working towards a master degree in finance right now. But I have very easy to learn new stuff so I do have quite a lot of free time, and my goal/dream right now is to spend that time starting a company in the US and begin to invest in real estate through the company.
I have ran a small business earlier, which made it possible for me to save up some money which I mostly invested in stocks. However, I only have about $100k that could be used to start the company and maybe cover some costs associated with acquiring properties. So my big problem is my lack of capital.
100k might of course be enough as a down payment to buy some small property, but the fact that I live in Sweden makes it feel sort of not worth it to fly back and forth to the US to run a ~400k property.
So, my question basically is if there are any ways to buy more expensive properties (say 700K - 4M) with 100% financing?
I have read some about strategies to buy real estate with no money down, but I am not sure if they really work. What do you think? Are there any ways to accomplish what I am trying to accomplish?
I am open to know about all thinkable ways of financing the entire purchase price. Seller-financing, equity investors, high interest loans for the downpayment, crowdfunding and whatever else possibilities that could work.
So, what do you think? :)