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Updated over 5 years ago on . Most recent reply

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581
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32
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Tony Marcelle
  • Bessemer, AL
32
Votes |
581
Posts

What is the right way to get capital to buy real estate?

Tony Marcelle
  • Bessemer, AL
Posted

I am scrambling to come up with ideas to get capital to buy real estate to buy and hold and to use to create cash flow. There are so many who have talked about buying real estate with no money. I do not have money of my own to accomplish my goal.  What sources of funding should I be looking at to purchase property that will bring in cash flow? I am only brainstorming with ideas. Those ideas include credit card ($4,000 credit limit). Yeah I know that's not much but a start possibly. The other is private lenders and hard money lenders. Hard money lenders require skin in the game, which I do not have that kind of skin in the game. Private lenders I am not all the way sure about but it is an option I am considering. I am losing patience trying to reach my goal. I am ready to take action right now and find some way to get capital I need to get where I need to be. I am just tired of waiting. 

Most Popular Reply

User Stats

758
Posts
934
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Syed H.
  • Developer
  • NY/NJ/PA
934
Votes |
758
Posts
Syed H.
  • Developer
  • NY/NJ/PA
Replied

Best way: 

make money doing whatever your good at.

Then invest in real estate. 

Investing with “no money down” is nonsense bs.

If you have no Funds yourself, do not leverage your credit. That’s how you lose your credit. 

LOC are for people like myself and other experienced guys. For someone with no experience, it is a bad idea.

This is a long term game. Patience is required. 

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