Really enjoyed this podcast. My wife and I are at this point and trying to figure out what to do next and how to finance our next deal. Thank you for the podcast.
I am a true "real estate rookie", I just acquired my first rental property but it was a very low cash deal so my question is this: I have been doing research and the common suggestion is "just find a hard money lender" but how exactly do you do that? No one ever explains that part. I've googled "hard money lenders in my area" and I get a bunch of online bull followed by a lot of spam phone calls but never a brick and mortar place locally. What am I looking for to find a local hard money lender or is that even a thing? I'd really like to purchase more properties in the future but I need some guidance. Thank you all for all you do!
Try going to local real estate meetups. Hard money lenders, brokers, and contractors sometimes swing through those to hand out cards and chat with investors.
Good information thanks guys. I’m looking to buy my 1st rental property. Do you recommend for me to get a heloc to purchase the property and use the rent to pay off the heloc?
I recommend you use creative financing to purchase the property, Using the seller financing option you don't not have give a down payment to the seller and you can use the monthly rental income to pay the seller for the property or a lender using monthly rental income from the tenants! If you need a lender I can refer one to you, have a great day.
this is your 6th video on the channel and you guys are talking about what to do after your first buy...am I missing the joke!!??? is this rookies channel or ppl with experience already
