How do you finance deals?

[Jake Fehr]

Hi everyone! A big thank you to everyone on BP who has reached out and helped me as I am starting in real estate!

Question I have for the day is “how do you finance your deals?” I have used hard money on first deal, what other options are out there for me? Thanks!

[Cameron Tope]

It really depends what you have as a competitive advantage. Do you have a home with a lot of equity? Then use a HELOC like @Robert Eyers. Are you mobile and willing to live with or next to your tenants? Then a househack or owner-occupied small multi-unit like @Allison Stewart used might be best. 

Look at your personal financial position first then see what areas you can exploit. Your situation is unique which is why no one can tell you what you should do. 

Best of luck!