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Updated over 7 years ago,
How do to attach funding partners as a newbie
Hello, I'm Durrell Dixon, it getting stated in real estates. I'm looking to purchase low-end REOs, owner finance them, and sell the notes on some of them. Right now, I am low on cash and I need to know best way to attacted funding for these deals. I'm not able to qaulify for a conventional or personal loan. I not looking at hard money because the amount that I need is between 8000- 10,000, I have talk to family and friends but they don't have the money. I think the perfect partner is someone with a self-directed IRA or someone who would partner with me on deals. In the second senario, I would like to know if an equity or debt partnership is best.
Thank for you advise and comments it is appreciated