Investing's Best Kept Secret For Getting Your Deals Funded
Its no secrete that investing in real-estate has its challenges. One of the biggest, especially when your starting out, is finding and obtaining financing for any deals your working on. Sure you may know how to do analysis, and yeah being a strong borrower definitely helps. Those definitely play a part in getting funding but those alone usually don't help a newer investor convince banks or lender to lend them money and some of you may not have a lot of money or great credit. So why can some investors that you hear of who have no money, terrible credit, and no experience get funding for their deals when you cannot? I was one of those investors when I was starting out. I had no money, no job, bad credit, and just a base line knowledge in some construction. Why was I able to find a bank that would work with me and how did I overcome needing 20% down on my first purchase? 20% down is typical for commercial loans which is what most investment properties will fall under. Th...