Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

9
Posts
4
Votes
Fernando Duque
  • Santa Monica, CA
4
Votes |
9
Posts

How to make an offer if you find a deal but you don't have the $?

Fernando Duque
  • Santa Monica, CA
Posted

I will try to ask this question as one of the problems in Brandon Turner's book:

Fernando is a newbie real estate investor that hangs out on BiggerPockets.com. He's the type of guy who likes to learn a lot and takes action and is currently looking for his first real estate deal. He recently moved to Tulum, Mexico and while walking around town one day "scouting" for properties, he spotted an empty lot that he thinks has a lot of potential. His goal is to eventually build 8 small studio apartments and rent them out long term; however, he doesn't have the cash available to fund this deal at the moment. 

1. Can he make an offer on the lot before he finds the money, and if so how?

2. What is the best way to fund this type of deal?

Loading replies...