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Updated over 10 years ago on . Most recent reply

User Stats

205
Posts
32
Votes
Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
32
Votes |
205
Posts

Acquiring a property with OPM

Abou C.
  • Wholesaler
  • Central Falls, Philadelphia
Posted

Hello

My partner and I are acquiring our first multifamily property in Rhode Island area in 2015, and I have some questions about funding. Please bare with me if I am asking stupid newbie questions. 

If our goal is to fund our first investment with OPM or no money down if there is a such thing!, 

Questions:

1. How do we find investors, and how do we prepare ourselves with the skills and tools needed to secure funding?

2. What do investors look for when partnering?.

3. What is hard money lender?, and is it safe for newbies?.

4. How do we prepare ourselves enough and not get burned, since some people prey on newbie?. 

5. How do we protect ourselves and the investors money?

6. is there any links or book or club we can join or read to better understand financing or funding resources?. 

Most Popular Reply

User Stats

171
Posts
116
Votes
Nicholas Miller
  • Residential Real Estate Broker
  • Fort Wayne, IN
116
Votes |
171
Posts
Nicholas Miller
  • Residential Real Estate Broker
  • Fort Wayne, IN
Replied

1. How do we find investors, and how do we prepare ourselves with the skills and tools needed to secure funding?

2. What do investors look for when partnering?.

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