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Updated almost 5 years ago on . Most recent reply

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11
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4
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Dale Foster II
  • Houston, TX
4
Votes |
11
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How does a Newbie Gain Funding ???

Dale Foster II
  • Houston, TX
Posted

I've heard all the same things...Need 10%, need previous deals, need to be JV'd, ask relative for money..

Some of us don't have family with money to lend. Building this business from scratch, I only wanted to be a wholesaler  to gaib capital. I signed my first contract and keep getting this very statement.

Goldmine bro, not my Zipcode but #'s are good you'll find a buyer.

I personally want to flip it, there's a lot of money on the table to wholesale it. 

Problem is I can't find Funding...Does any company truly fund the whole deal 100% without a bunvh of stipulations?

i personally wouldn't mind paying Higher interest just to gain Credibility for future deals. Seems like the stipulations keep so many from completing deals without jumping through hoops.

Glad to be apart of this group of Pro's I been listening to BP Podcast daily on #133 started from beginning.

Looking forward to future business, I'll gladly send anyone my listing to give constructive Criticism. Would love to know where I'm failing 

Thanks in Advance for any insight 

Most Popular Reply

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6,241
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3,801
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Aaron K.
  • Specialist
  • Riverside, CA
3,801
Votes |
6,241
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Aaron K.
  • Specialist
  • Riverside, CA
Replied

@Dale Foster II assuming it is in a large metro area you shouldn't have too much of a problem unless there is something drastically wrong with the house.  In your neck of the woods flood zone could be a concern that scares some away but not everyone will be turned off.  You might just have to expand your network of buyers, if it is as good a deal as you seem to imply there are buyers you just need to find them even setting off the key word alerts for folks on bigger pockets may get you there but you didn't mention any city or metro area in your original post.

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