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Updated almost 2 years ago on . Most recent reply
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Funding for multi family
How do I get funding with good credit and capital?
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![Edward Zachary Samperio's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2255131/1720182639-avatar-edwardzs.jpg?twic=v1/output=image/crop=1691x1691@0x0/cover=128x128&v=2)
If you have good credit and capital, there are several options available to you for funding:
- Traditional bank loans: You can apply for a loan from a traditional bank or credit union. With good credit and capital, you may be eligible for a low-interest rate loan.
- Private money lenders: Private money lenders are individuals or companies that offer loans to real estate investors. They typically have less strict requirements than traditional banks and can provide funds quickly.
- Hard money lenders: Hard money lenders are similar to private money lenders, but they typically lend at a higher interest rate and have shorter loan terms.
- Crowdfunding: Crowdfunding platforms allow you to raise money from a large number of investors for your real estate project.
- Home equity loans: If you have equity in your home, you may be able to take out a home equity loan to fund your real estate investment.
It's important to do your research and compare the options available to you before deciding on a funding source. Be sure to read the terms and conditions carefully and understand the repayment schedule before accepting any loans or funding.