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Updated over 6 years ago on . Most recent reply

User Stats

69
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12
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Mike Bereck
  • Cleveland, OH
12
Votes |
69
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How easy is it to get private money?

Mike Bereck
  • Cleveland, OH
Posted

I was wondering, I'd like to start to buy some RE but I was wondering how easy it is to get money?  How much do you typically put down? I hear it is easier to get private money?  What is the best way to grow?  I know banks can be harder to get money from...  I can put 10-20% down but I just would need to get financing for the rest of the amount.  What is the best way to go about growing RE?

Thanks!

Most Popular Reply

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1,473
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1,993
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Omar Khan
  • Rental Property Investor
  • Dallas, TX
1,993
Votes |
1,473
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Omar Khan
  • Rental Property Investor
  • Dallas, TX
Replied

@Mike Bereck I can assure you it's not easy to get private money. Plus, even the "easy" private money comes with a ton of stipulations. Please, don't read too much into gurus/mentors telling you this nonsense. Initially, you will face an uphill battle especially as you don't have a track record.

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