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12
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4
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Jacqueline Lee
4
Votes |
12
Posts

Is “OPM” real or a myth?

Jacqueline Lee
Posted

Along my journey to understand how to acquire my first property, I have encountered people that swear it’s possible to use other people’s money (for down payment, closing cost, rehabs etc) but on the other hand I have investors of 20,30,40+ years who think I am absolutely nuts for even thinking it’s real & make it very clear that I am an idiot for ever believing such a thing and will 100% need to come up with my own funds. So I am confused. Is there anyone who can prove or disprove this with their own experience? I have no idea who to follow guidance from and don’t want to get burned. 

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