In this real estate investment if
you have ten thousands of dollars then it would be great. If you don't have any
investment, that's fine too. You no need to bother about huge amount of money
to start your real estate investment.
Need Finance Then Forget About Traditional Banks!
Don't try to depend on the bank
for your cash flow. We're looking for run-down, distressed properties and most of
the banks offer fund for those types of properties. In such cases, you can use
seller financing.
The key is to understand about
the circumstances of the seller as well as the market trend and apply the
financing strategy which best fits that deal.
Though the traditional banks are not
lending, there are plenty of money lenders who are looking to fund such kind of
deals. Just check out with your local Real Estate Investment Association for a
listing or Google for a list.
In just about all markets – even
smaller markets – there are plenty of private lenders available who are looking
to get a return on their money. Doctors and lawyers are some of the best
sources for private money right now. Offer them a percentage of the profits and
show them how you can generate a 20% or 30% return on their investment in a
short period of time. They can't get that same return anywhere else right now!
Build Relationships!
Another way to find capital is to
go with your local real estate investment club or association meetings and ask
other investors who finances your deals. There are many people who have the funds;
it's simply a matter of finding them.
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