How do I raise money for an investment?

[Andrew Lowery]

Hey BP Investors! I'm having a hard time finding information on getting money for deals. I think I have a good grasp on finding deals with good cash flow and closing on them But I'm missing funding. I don't have much money to start so I've been researching other avenues of acquisition. I've heard the acronym "OPM'' thrown around dozens of times but never found out how to get and use it without it being illegal. I would appreciate some help starting my real estate investment career. 

[Angie Castro]

What Jason said is actually exactly what I was going to say. Do you own your first home yet? Maybe before starting the process of building a rental portfolio hack your primary loans. In NC you can get $15,000 in down payment assistance through NCHFA as long as you make under $100,000 a year (varies in some areas). Save some money and then a year after living in the property you can purchase another property with (3.5-5%) down and put the last one for rent. This is called Primary Flipping. 

In respect to finding private money lender for rentals it will be a bit difficult. Private lenders usually want their money soon. Only way to do that would be if you can show that after a refinance you can pay them out but that would be quite difficult.

I'm Angie Castro a local Real Estate Agent with a focus on investments