For a start up company, it’s usually hard to obtain funding and capital for your business. Statistically, 4 out of 5 new businesses fail after the first year. That’s why most lenders or banks view the process of funding for small business owners as very high risk. Consequently, a newcomer to any sector of the market will have a hard time getting approved for loans.
Most new business owners try to look for checkbook lines of credit or SBA loans. While these are valid…Continue
Contrary to popular belief, you don’t need to have a lot cash to get started in real estate. Below are a few options that you can use to fund your deals without any money out of your pocket. (Hint: It’s easier than you think!)
1. Using Private Money / Private loans
A lot of people have money just sitting in the bank. The most interest they earn ranges from 0.5% to 1%. Keep in mind inflation is around 4%. That means that the value of their money is…Continue
An investor usually tries to get financing through a hard money lender, but the problem is it’s very difficult to find a hard money lender that would lend you 100% of your purchase and rehab.
Hard money lenders usually ask for at least…Continue
Added by John Terry Nicasio on September 10, 2014 at 8:10pm — No Comments