Hi guys,I know you've probably gotten this question a million times, but seriously when it comes to RE investing, should I secure the funding first, or the deal?

One of the hardest things people struggle with is raising money.

I'm looking into my first potential investment, I'm looking for any ideas of possible ways to get the capital the list price $550,000 on four units, current rental income $3595/month the property is in good shape has two long term tenants and the other two unit are occupied and I'm currently looking into financing but I don't think I'm going to be able to get a conventional loan any ideas on other possible ways to get the funds that perhaps others have used or know of I'm brand new to all this and I'm still learning a lot.Thank you in advance

If you fail to pay off the 1st and dont have the cash they could foreclose and your funds are gone.

This means you can raise their rents a reasonable amount and they will likely not move.

They were on a month to month so we could raise rent pretty quickly.  

I have an LLC (S Election) in my state, and I have a friend in another state who has agreed to partner with me, with him bringing the capital for funding flips in my state.

I currently have a single business partner and we're looking to invest in a multi-family and house hack our investment to raise capital and credit for other deals.

@Liwen Gu, it takes time to set up and fund a self directed IRA so you should set the account up before you start lining up investments.

The part I'm having trouble with is funding and how the deal is structured.