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Updated about 2 years ago on . Most recent reply

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65
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21
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Dyami Pike
21
Votes |
65
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How did you fund your first deal

Dyami Pike
Posted

I'm looking at getting started in real estate and everyone talks about low/no money down. cause I've noticed that even a 10% down is $5k in my area, plus closing plus extra funds that the expect you to have. So even in the worst neighborhood in town I need $10k in cash. 

 My question is how did everyone fund there first deal(the part that the had to pay for)? 

did you save from your job, borrow from family, side gigs?

Most Popular Reply

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9,861
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Eliott Elias
  • Investor
  • Austin, TX
5,552
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Eliott Elias
  • Investor
  • Austin, TX
Replied

If the deal is good enough the money will come. I would rather borrow from investors than family. 

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