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Updated over 7 years ago on . Most recent reply

User Stats

104
Posts
19
Votes
Vincent Plant
  • West Chester , PA
19
Votes |
104
Posts

Various ways of getting financing?

Vincent Plant
  • West Chester , PA
Posted
So I have a decent amount of cash stock piled but I feel it isn't enough to turn into a decent investment. I hear all of the time people on here saying they used $30-$40k to start up however in my market the only thing your buying for that amount Is a mobile home on a leased lot or a complete tear down in a sketchy part of town. Then of course you need funds for rehabbing and everything else. How, how, how do you get money to put into a deal??? I'm a licensed agent so I know for sure that anything that needs work is unobtainable using a mortgage lender but what other ways are there? It's been explained to me about hard lending and cashing out from appraisals after you rehab but I just can't seem to comprehend those techniques.

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