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Updated almost 2 years ago,
Financing Deals as a Rookie
I keep reading these stories of people starting off in Real Estate with no money. They hook up with a Private Money Lender then obtain properties to hold for long term investments. Can anyone elaborate on how this is possible? I thought all Private Money Lenders want what they lent plus interested back in a short time frame. How can one borrow 250k+ and have all that back in 1-2 years? I am 6 months into my investing career and I do not feel like I am moving quick enough to getting my first property. ANY ADVISE WOULD BE GREAT!!!