Jeb Dennis - GET THE MOST MONEY FOR YOUR REAL ESTATE INVESTMENT

You don’t want to partner with someone just because you already have a good relationship. The key to a fantastic partnership is being in sync, such as agreeing on what kind of risks you’re willing to take, determining mutual short- and long-term goals, figuring out who will do what, and deciding what kind of return you’d like. One example: you find and manage a property flip, while your partner funds it in exchange for a % return on investment, and/or an agreed on split of profits. The property would collateralize their loan. This is called "asset-based" lending.

Investing With Your Own Money

If you don’t have access to private lenders or partners, you can still start your investing career without having all the money on hand. One way to do this (without paying any money upfront) is through home equity. You can use this by taking out a home equity line of credit (which leaves your mortgage as-is) or rewriting your mortgage and getting a cash-out refinance. Of course, this works only if a) you currently own property; and b) there’s capital in it. Another route is a lease-option, also known as option to buy. In this situation, you would rent the property, but sign an “option to buy” at a later date for an agreed-upon price. This legally binding path to property ownership might take a little longer, but is still a viable option if you have the funds. Seller financing is just like getting a loan through a bank — except you agree to the payback and terms directly with the seller. This loan should include a repayment schedule, interest rate, and consequences, should either party default on their agreement. Often, these agreements include a significant down payment

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