Starting with Private/Hard Money

[Kyle Wilkins]

Hello, 

I have long been looking to begin investing in real estate. Ever since being inspired several years ago I have known it is the proper path from me. I have read books, frequently scrolled through BP, listen to the podcast, and have analyzed deals on the market with the BP calculator. While doing this I have began to get my financial house in order as well, and while I am happy with the progress made, I am ready to stop sitting on the sidelines and began my path to FI.

I, of course, understand that I will need to be in good standing for a traditional loan and of course to have my reserves ready for when something does go wrong, but I am interested in exploring hard money in order to help get that all coveted first deal. From what I have read, it seems like it will be difficult to get 100% financing, with 90% being the highest financed amount to expect. I was curious if anyone here has gone this route to begin their investing careers and which tips you can provide to someone looking to go down the same path.

I sincerely appreciate your feedback and look forward to rubbing shoulders very soon.

Kyle