How do i find funding for my deals?

[Steven Loury]

Good morning BP, I have been attempting to get into real estate investing for over a year. I have found many deals, but have not been able to secure funding for the deals I've found. I have wholesaled a couple of houses, but I really want to get into the brrrr strategy. I'm finding houses in my area for less than $10k each that are in descent neighborhoods. Yes, they require a lot of work, but the comps support the amount of work they need, typically around $30k-$40k in rehab each. Comps on these houses range from $65k to $80k ARV with one of the houses will have an ARV of $150k, but it will require about $75k in rehab costs. I've been told if you find deals, the funding will be there. if anyone could give me advice, or point me in a good direction, I would greatly appreciate it. Steve Loury, Jr. S&A Properties of SI LLC

[Brent Coombs]

@Steven Loury, if it was easy for everyone, they'd cost more than $10k to start with!

In the last year, have you saved say, $5k? If not, why not?

And have you a credit card with $5k credit? If not, why not?

Get where I'm going with those thoughts? [ie. Why don't you buy one - now?]

Have you got the skills to do all/most of the labor yourself? If not, why not?

Have you got the acumen to find bargain appliances and quarter-price tiles etc?

[Again - if not, why not?] Real Estate is not supposed to be a get rich quick scheme.

One step at a time. Cheers for 2018...