Rachel M Vann - GET THE MOST MONEY FOR YOUR REAL ESTATE INVESTMENT

such as agreeing on what kind of risks you’re willing to take, determining what short- and long-term goals you each have, figuring out who will do what, and deciding what kind of return you’d both like (and expect). Make sure that you over-analyze "who will do what" and write everything down. You want to make sure all roles are laid out clearly so there will be less misunderstandings throughout the process. I suggest hiring an attorney to draw up all documents and agreements here to make sure all of your bases are covered! A partnership gone bad can end up costing you a lot of money, stress, and time!

Investing with Your Own Money

If you don’t have access to private lenders, hard money lenders, or partners, you can still start your investing career without having all the money on hand. If you don't have a lot of extra cash in the savings account, there is still a few possible ways you can get started! 1: HELOC One way to you could get started is through utilizing your homes equity. You can do this by taking out a Home Equity Line of Credit (HELOC), which leaves your current mortgage as-is, and puts a second lien against your house. Think of the HELOC as a revolving line of credit tied to your home as its collateral that you can borrow against. Interest rates and terms are typically very low and the HELOC is generally very inexpensive to get started (usually a couple hundred dollars and the cost of an appraisal). I suggest talking to MULTIPLE local lenders to find the best terms available to you if you decide to go this route. Different banks have different criteria and different payback terms for HELOC's such as length of the loan, amount you can pull, and interest rates available. Do your research! You can also talk to a local lender about rewriting your existing mortgage and doing what's called a "cash-out refinance". This second example is not

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