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Updated over 5 years ago on . Most recent reply
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What Avenues are You Utilizing to Get Your Deals Funded?
Whether you're a fix and flipper or landlord investor another type of real estate investor, what are the current resources you are utilizing to get your deals funded?
Most Popular Reply
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Hey Chadd,
For my buy and hold properties I like to use local credit unions or portfolio lenders. I practice long distance investing and have learned that the easiest way to open a credit union account in a state that you do not reside in is by opening an LLC or Corp in that state and then opening the account under that company. This allows you to qualify to the great products small credit unions have to offer.
For my Fix-n-Flips I usually do private money (hard money) or conventional rehab loans (the application and approval process is tedious but they have better interest rates and fees).
When I first started and had "no money or credit" family and friends were my lenders. I approached them with specific terms that would benefit them and secure their investment on me (interest, payment due dates etc..).
Best of luck!