STOP! I want to buy a wholesale deal using OPM. How?

[Ricky Segarra]

Hey BP nation! Hoping someone could help me out with a simple question. If a wholesaler has a property that they are trying to get rid of and I am an interested buyer but want to use OPM is there a strategy that you would recommend using? I would like to make this property a long term investment and add it to my rental portfolio as well as I would like to stay away from banks. Thank you in advance for answering my question and bring light into my situation.

[Christopher Goldie]

It's easy and it's not. You're going to want to look for a private lender, partner with the credit to get long term financing or an individual looking to put their money to work. These can be people that you know such as friends or family, or local investors investors looking for a return on their money. I personnally found my private money source by networking at the local REIA. It was a simple introduction that led to coffee, that led to many hours discussing and analyzing deals, that finally led to several deals funded. The great thing I found about private money is the ability to structure the deal to pretty much whatever works for both parties. Keep searching and researching and you should find what you are looking for.