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Updated about 6 years ago on . Most recent reply

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Tony Marcelle
  • Bessemer, AL
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Where do you find LEGIT partners to fund capital?

Tony Marcelle
  • Bessemer, AL
Posted

There are way too many scam artists out there claiming to be legit people to fund money for real estate investing. I do not have family and friends to rely on to get capital I need for real estate investing. I hear many talk about the risks and cons to buying rental properties. Is investing in rental properties still worth it despite what some people may say about it? I would like to buy my very first rental property some day, I just need the funds on standby to do so whenever I need it. My credit score is good. That's one plus. 

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Tony Marcelle, you don't need funds on standby. If you've got a good credit score, start saving up now for the down payment and get a traditional mortgage. Double down with a house hack and get a lower down payment AND lower interest rate by owner occupying a small multi family. 

BiggerPockets has lots of perks for our members, including discounts with lenders. 

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