I found a local partner to help fund part of the deal and it ended up not bringing as much as I thought it would.

What you can do to get out of the gate is pick up an MP3 player and get as much audio information about Real Estate as possible.

Leverage isn't magic, it ONLY WORKS when the rise in ppty value EXCEEDS the cost of funds.

The seller will not accept a contract without earnest money and proof of funds.

You could partner up with someone who has assets but bad credit (trust me, they're out there :wink:)... if you're tight on funds it may be a good idea to partner with someone for a house or two.

Hi,I work with Starlite Funding Coast to Coast and we may be able to help you.

So now we are looking at having to wait another 4 months to cash out and redeploy our funds into our next investment. 

We provide thru our direct commercial mortgage financing lender commercial real estate funding nationwide.Our lender has funded nationwide from $1,000,000 to over $400Million since 2003.They deal in Purchase,Refinance,Construction,and Permanent financing.Our funding comes via our direct relationships with Banks,Conduits,Insurance Cos,and Private Money.We have Stated Income/Assets to $3 MillionFull Doc to $100 MillionConstruction to 90%LTCMultiFamily to 90%LTVOur famous and successful 5-7 Day close funding program is available.No Appraisal is NeededYou must have an Income Producing Grade of A-B,no exceptions,and you must be the direct Principal Borrower,we do not deal with broker chains.If you have immediate need,and have a quality Executive Summary,contact me.Don CarterPh:803-250-8379

:mrgreen:Hello are you still looking for funding to purchase properties?

If you are they typical newbie without much money and credit not all that great..Or maybe you don't have that problem but not to sure how to get started as well..This is for those who haven't got their first deal or not having consistent success..Here it goes, first of all get to understand your market, attend club meetings and network find out who the players are, your making a step of doing that already just by posting on the forum..Also educate yourself but warning don't overload yourself with with tapes and seminar materials it will lead to confusion and alot of money spent..Not saying seminars are bad sometimes we can get so excited that we're spending more money than we're making.Find a strategy that fits you and develop on it.