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Updated about 9 years ago on . Most recent reply

User Stats

39
Posts
5
Votes
Dustin Benton
  • Residential Real Estate Broker
  • Lincolnton, NC
5
Votes |
39
Posts

Funding!!

Dustin Benton
  • Residential Real Estate Broker
  • Lincolnton, NC
Posted
Hey guys, I'm ready to purchase my first investment property. Does anyone have suggestions for the best ways to fund the purchase? I do not have enough cash for a conventional loan. I live in North Carolina I am open to any lenders. I am not willing to use any collateral. Thanks in advance.

Most Popular Reply

User Stats

93
Posts
25
Votes
Jared Rogers
  • Investor
  • Winston Salem, NC
25
Votes |
93
Posts
Jared Rogers
  • Investor
  • Winston Salem, NC
Replied

@Dustin Benton since you are not experienced you have to offer something up if you want low rates (cash and guaranty's) from a local bank. Otherwise you could get low leverage and hard money but you will still need cash. In your situation, your only option may be raising it from friends and family.

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