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Updated over 3 years ago,

User Stats

41
Posts
8
Votes
Brian Brown
  • Flipper/Rehabber
  • Okeechobee, FL
8
Votes |
41
Posts

Newbie financial question.

Brian Brown
  • Flipper/Rehabber
  • Okeechobee, FL
Posted

As a newbie in REI listening taking in all the info possible there is a lot said about not using your own money, zero down, OPM, private money, HML...ect. Also the debate about know and get financing first to know your numbers and others say get the deal and money will come. My questions are 1. which way is the correct way get financing first or find a deal and I suppose this completely depends on the exit strategy. 2. With Private or Hard money are you getting 100% of the money needed or are they no different than a mortgage with needing money down if so where do you get the money down from if not using your own money. 3. Are Private money rates good enough for buy/hold deals. Thanks in advance BP nation.

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