Real Estate Investment Funding | 3 Key Sources
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The video discusses how to buy real estate without using one's own money. The speaker shares their experience of owning over $13 million worth of real estate and flipping 204 houses in 2020 without using their own money. The top three funding sources discussed are hard money lenders, private money lenders, and banks. Hard money lenders are specifically created for real estate investors to loan money on a short-term basis to fix and flip a property. Private money lenders are individuals who have money to invest and are willing to lend it to real estate investors. Banks are a great option for long-term financing for rental properties. It's important to find small local banks that hold the notes long-term and make their money by doing deals with real estate investors. The speaker emphasizes the importance of developing relationships with lenders and bringing them good deals to limit their risk exposure. To find lenders, the speaker suggests attending local real estate investing meetups and networking events, looking up hard money lenders on Google or local real estate investing Facebook groups, and posting about real estate investing on social media. It's important to avoid making posts specifically asking for money, as this is illegal.
The video discusses how to buy real estate without using one's own money. The speaker shares their e