Funding For 1st Deal...
I just got $Cash$'s course in the mail the other day, and have read it all several times over the past few days. I just was wondering what is the best source of funding for putting together a first deal to get started? It doesn't seem that hard money lenders would be good, but I'm a total newbie and just wanting to get my first deal done. Thanks all, in advance!
I doubt a hard money lender would finance a deal unless they were secured by a first lean on the property. Meaning sub-2 won't work. Unsecured hard money - I image - would be hard to come by.
You don't need a whole lot of money to get started, if you find the right property you could close with as little as $10 down to make your contract legal. That's the BEAUTY of Sub-to. Low down. Don't get me wrong, you can find sellers with buko equity and then you'd have to pay out,( or maybe not LOL.) Just get out there and talk with sellers, you'll be suprized with how many just want to break even. It suprises me every time.
Good luck, and get on the CASH NOW forum!!
Sam
There are alot of great lenders out there shop around get the best deal