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Updated over 6 years ago on . Most recent reply

User Stats

7
Posts
5
Votes
Cody Johnson-Winsett
  • Hillsboro, TX
5
Votes |
7
Posts

I have a deal. Now how do I get funding.

Cody Johnson-Winsett
  • Hillsboro, TX
Posted

Hey BP I am very happy to talk with you all again. Over the past months I have been gaining as much knowledge as I can to better equip myself for the coming year when I will truly start my "wild adventure in the Jungle that is Real Estate". In search for this knowledge I have talked to many, many investors and even local lenders, I have learned to analyze deals and run my own numbers for my end of the deal, but what about the funding end? Of course I assume that a lender will be looking for some of the same things that I would, but the also be looking for other specifics that would over their own hide. What are some of these specifics a lender might look for in a deal? What are the obvious make or breaks to any deal? What I really need to work on, being a first timer, is the structure of my deals so that they would appeal to lenders so that they may over look my inexperience. So BP, how do I need to present my deals for a lender to take that leap of faith because I understand a lender will have more fear for my own failure even when I do not.

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