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Finding a good investment property is only half the battle. Unless you have enough money to buy in cash, you’ll have to find a way to finance the deal. And if a traditional mortgage is out of the picture, you’ll need to get creative. Let’s explore your options. View the full article: 4 Outside-the-Box Ideas
Using a private money lender might sounds scary as a new real estate investor—but it’s a LOT more straightforward than you think! It’s also one of the most common ways to get started with real estate investing. So, what does a private loan look like? And what are the terms and how do these loans
Grant Cardone is undeniably successful in real estate investing. But despite all that success, there’s something he gets completely wrong about real estate, financing, and investing. Hear me out. View the full article: Grant Cardone Is Fabulous, But He’s Wrong: Here’s Why on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice. This
This post is for you guys who maybe have a few private lenders lined up or have private lenders who are coming to you and want to do some work with you. Once you get these folks, how do you vet them and how do you decide which is the right private lender to work
A common question I see on the forums is, “How do I find a bank to lend to me?” The answer should actually sound fairly familiar. You’ve got to pound the pavement. Here are four actionable steps to take! View the full article: 4 Ways to Find Banks That Will Fund Your Next Investment on
In their early days, I recommend new investors follow a script and make their deals contingent upon finding a buyer. But at some point in time, you’ll inevitably have to step outside your comfort zone to fund a deal—and it’s going to be a gut call. View the full article: Why Getting Comfortable With Discomfort
Years ago, I was trying to buy a piece of real estate—a triplex. It needed work, but the numbers were solid and I knew it would be a great deal. But I had a problem—I had no money. I could’ve given up, but I didn’t. What I did was asked the right questions and found
What is a reverse 1031 exchange and how can it save you major tax dollars? A reverse 1031 exchange is a tax deferment strategy that allows real estate investors to purchase a second investment property before selling their relinquished investment. Learn how here! View the full article: The Real Estate Investor’s Guide to Reverse 1031
One of the biggest advantages to real estate investing is the ability to use OPM (other people’s money) to leverage your investments. That being said, it’s only an advantage if you can actually get a lender to approve your loan. So, what are the best ways you can improve your loan qualifications in a lender’s
Real estate investors often focus on finding the deal—but if you don’t have funding lined up, you’ll never land those properties! Learn how private money can help you dramatically scale your portfolio and how to find this form of funding in your existing social circles! View the full article: Private Money Lenders: Who They Are