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Updated over 8 years ago on . Most recent reply

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16
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Louis Mannikko
  • New to Real Estate
  • Jupiter, FL
0
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16
Posts

Funding holding me back

Louis Mannikko
  • New to Real Estate
  • Jupiter, FL
Posted

Hey All,

I am dead set on making real estate investing my future.  My goal is to have my first property within 90 days.    However, I am really having trouble understanding the acquisition and complexities around financing my project(s).

Is it as hard as I am making it out to be in my head?  I have heard there are 1000 ways to go about this, but I am inexperienced and don't really know where to begin on looking for funding.  I have access to a rather large sum of money in my 401(k), I have a conventional mortgage available to me up to $150k (at least that is what my broker told me on a 5 minute phone call), and I have contacted a hard money lender for more info (still waiting to hear back).  Not sure how to even go about finding a private lender

Just hoping someone can help me set off in the right direction. Books, Articles, companies, a cold beer to relax...  Maybe someone has had this same concern/issue when they were starting out and can offer some advice?  

My plan is to flip houses and buy and hold rental property.  I'm ok doing both.

Thanks in advance for your time.

Louis Mannikko

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