It’s a misconception to think you can’t get into real estate without investing your own money. Many people start off investing with money from others, specifically from private money or hard lenders, by double closing, or with transactional funding. Being able to invest with outside money requires a solid network. People don’t lend money to those they don’t trust, so work hard on building up your connections and rapport with those who can help you.
After you’ve established a strong network, money becomes available everywhere. When you’re in a trustworthy business relationship with a lender, over time, they will lend to you without needing to know every detail of your investment plan. They’ll see your consistent wins, which is often also a win for them. You never know when you’re going to meet a lender who could change your life, so always be ready to talk. Leads always come from the most unexpected places. Taking the time to build out your network provides you with more power to discover and lock in top deals.
Watch and Learn:
Listen and learn:
- Three ways to get money on your side.
- How to invest in real estate without using your own money.
- Why networking puts you in a position of power.
Mentioned in this episode:
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