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Updated almost 9 years ago on . Most recent reply

User Stats

38
Posts
9
Votes
Mahonri Bussey
  • Investor
  • Payson, UT
9
Votes |
38
Posts

Getting the money to invest!!!

Mahonri Bussey
  • Investor
  • Payson, UT
Posted

I have the drive, I have the work ethic and I have been doing the research and getting the education to do investing in my area. I am a math man myself so if the numbers dont make sense then I'm not making an offer but I come to the cross road that I dont have the capital to fund my own rentals. I in the market to buy up duplexes, triplexes and 4-plexes in the utah/ salt lake county area but being as I am going to be a recent graduate just starting to work full time I find myself low on money to put initial down payments on properties. Any suggestions and guidance is much appreciated. Thank you in advance

Most Popular Reply

User Stats

222
Posts
102
Votes
Skyler Smith
  • Real Estate Agent
  • Logan, UT
102
Votes |
222
Posts
Skyler Smith
  • Real Estate Agent
  • Logan, UT
Replied

I find that there are two different schools of thought when an investor is in your position. 

1) go the creative financing route - buy with a lease option or seller financing. I've done this one before, but a down payment is helpful to make these happen. Also, please don't put every dime you have in to your down payment. Keep some in reserves so you can "weather the storm."

2) find a partner. Find someone that has the cash but no time to find/negotiate deals. I've done this one too, and I think that it's also a great option.

In both of these scenarios you're going to have to find deals. Cash partners are abundant once you've got a deal good enough, and you'll never get a seller financed deal without actually going out and asking sellers. I'd take that drive and start tracking down some deals :)

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