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Updated over 6 years ago,
Financing your deals
I was listening to a BP podcast and the speaker (I think his name was Charles) was saying that if you want to be a good investor you should spend more time learning/figuring out the financing for the property over the property itself. I’m inclined to agree.
What resources are out there to really learn what goes into the underwriting of financing? How do you determine if you’re getting good terms on your financing?
About me: I am an aspiring real estate investor that would like to focus on fix and flips and long term buy and hold Multifamily properties. I work in construction doing residential remodeling. My goal is to use my knowledge to save money on my labor costs for the fix and flip strategy and then take the profits to fund more flips and or purchase multifamilies.
Any advice on financing resources would be greatly appreciated.
Thanks