8 No Excuse Money Finders

So you want to invest in real estate? Here are 8 no excuse money finders to help you begin.

1. The first option is the seller. Roll the dice and see if the seller in your deal is willing to finance your project. Sometimes the property may not be advertised as an owner finance deal but you can always ask.

2. The second choice is conventional. You can purchase a property the traditional way which would be through a bank or a lending institution such as a mortgage company. If you want to try this avenue you will need to qualify using your income and credit score. Strive for a loan with good interest rates

3. The third choice can be used when you are running out of options. This can be a quick way to make a deal happen. If your credit score is too low for a loan and you are willing to obtain a hard money loan with a higher interest rate– then you can find a hard money lender. A hard money lender is usually an individual who can lend you the money and use the real estate (real property) as collateral. Typical rates can be from 9%-11% but some may be higher.

4. The fourth choice is one of my favorites. It is called a HELOC. A home equity line of credit is obtained from a bank and requires that your house loan already be paid off. It may be easy to get it through the bank that financed your home to begin with. It is a very lengthy process. If you qualify with your credit score and income then it is possible to obtain an 80% value based loan on your home with good interest rates.

5. The fifth choice can be any vehicle that you have used for investing such as stocks or a 401K retirement plan from your employer. Always keep the wheels turning. Think of any asset that you can use. This one may not be an option for many but some of you lucky few have money here so think about using it wisely.

6. The sixth choice is one that, if you start early, will be a choice that is always there for you when you need it. Investments that you have such as rental property, houses, or commercial property can be used for additional loans and collateral. Learn to leverage what you have.

7. The seventh choice can be a 1031 Exchange. If you are at this level of investing then you know the game and you are smart in the way you invest. You can sell and purchase property using a 1031 Exchange and avoid paying capital gains taxes.

8. The last and eighth choice can be an inheritance you receive. Don’t be quick to spend your inheritance. If you receive real property or money as part of an inheritance, be diligent in seeking out expert advice on where in real estate you can invest to make your money grow.

You can use one, two, or as many of these options as you are able, in order to invest in real estate. Real Estate is the way to grow. The sooner you start, the easier it gets to see an increase in income!

---

Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.