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Updated over 8 years ago on . Most recent reply

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67
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4
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Tony Johnson
  • Arlington, VA
4
Votes |
67
Posts

Private Lending

Tony Johnson
  • Arlington, VA
Posted

Hey Guys. My name is Tony and i am new to the investing world. I am currently trying to invest in the DC, MD, and VA area. I have found so many deals but i am having a tough time coming up with the funds to close these deals. Could anyone help me with some advice to come up with the funds to support these fix and flips and buy and holds?

Thanks 

Most Popular Reply

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178
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70
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StacyA McBain
  • Real Estate Agent
  • Boise, ID
70
Votes |
178
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StacyA McBain
  • Real Estate Agent
  • Boise, ID
Replied

HI Tony, 

A few options might include:

Private lending;

partnerships, including with your team, manager, REI club members, people with more capital than time;

hard money;

self-directing IRA money;

owner financing;

wholesaling...

There are a lot of resources, books and podcasts on this topic - I'm sure as you dig deeper you'll identify the option that makes the most sense for you. 

Another good way to start might be putting together the proforma on your deal and seeing if others others find it compelling and share your definition of good. PM me if you'd like me to look at what you have and provide honest feedback on it. 

Good luck! 

Stacy

  • StacyA McBain
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