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Updated over 8 years ago,
Obtaining funds
Hello,
My name is Ryan I am new to real estate investing, but have some knowlege from books etc. on real estate. So here is my question with a young child and a dead end job ive found myself in debt with little funds to start up my real estate investing. By little funds I am looking at a few thousand dollars to start with. I know what my goal is. I want to own and rent properties in the Philadelphia and suburban area for the majority with a few flips here and there down the road. But only after the financial infrastructure to support a flip is set up. My struggle is being in debt and barely getting by how do I obtain funds. I have two real estate agents whom I am close with. Most banks require 20% down I am a hard worker and dont mind putting in my time, but how have others found funding? I am aware from reading about hard money lending/ private lenders, but where do you find these people and what do you generally need in place to do so? Any advice?
Regards