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Updated over 6 years ago on . Most recent reply
No Money, No Savings. What To Do.
Hey BP friends. I'm 22 years old, and I'm from San Antonio. I want to start investing, but I don't really have a whole lot going for me right now. any ideas on how I get get financing for my first deal? I'm hoping to start in January.
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Option !:Find a deal make it a good one. Then put it under contract with contingency, find a new buyer for the home. Double close the same day. make about 5k do that till you have some serious cash for down payment and closing cost.
Option 2: Find a great deal, find an equity partner.
Option 3: Find a family member or friend to help you with cash
Option 4: Seller financing
Option 5: Read and learn everything you can while saving some cash. Eliminate all extras in your life so you can get your first down payment and closing costs.
If you have any questions tag me so I can answer them.