After thirteen years of real estate investing, I know that knowing how to finance investment property is a crucial part of any investor's success. Real estate investing clubs are a great way to meet investors who will share their experiences with you and possibly do deals with you. Getting a mortgage from a bank is not the only way to get started buying investment property, nor is it the best. Building relationships with other investors is a crucial part of success.
When I got started I was in my early twenties I was hard headed and persistent. I wish I had access to a real estate investing club, but I didn't. Some of my earliest investments were properties I bought from seasoned investors who were willing to offer me owner financing with terms where the properties supported themselves. In many cases I did need a down payment, which a bank would require and I didn't have. These investments were products of relationships I sought out with people who were willing to sell me property. I even did multiple deals with some of these investors.
The best way to learn how to finance investment property under terms that you can afford is to meet other property owners who are willing to consider alternatives to conventional financing. There are so many ways to do this depending on the situation. The only things that are required are a buyer and a seller who are open to making a deal. Reading books, speaking with real estate attorneys and networking with a real estate investor's club are important steps to take to learn how to finance all kinds of investment property.
For Insider Real Estate Tips and Strategies, Visit The Gorilla Real Estate Investing Club.
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