Using OPM to invest in real estate

[Priscilla C.]

Hello fellow investors I would love it if you can please share any ideas on how to use OPM for a beginning investor when using the Brrrr strategy? I know about hard money lenders and a little on DSCR loans but how would I make these loans work to start my real estate business.In addition wondering if you all have any ideas on using a LLC to leverage OPM?

[Chris Seveney]

Quote from @Priscilla C.:

Hello fellow investors I would love it if you can please share any ideas on how to use OPM for a beginning investor when using the Brrrr strategy? I know about hard money lenders and a little on DSCR loans but how would I make these loans work to start my real estate business.In addition wondering if you all have any ideas on using a LLC to leverage OPM?

 For most getting started, the best way to get into the game is with atleast enough of your own money to put a down payment. That is usually the blocker that keeps people out.

If you ahve a down payment, you can get a bridge loan to rehab the property and assuming that goes well you can then get a DSCR loan for long term hold.

I would not try and raise money from people (alot of legal implications), but if you know people with money who want to invest, you may be able to get preferred terms

Also sometimes best to partner with someone with experience as well.