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One of the things you want to do when you start investing in real estate is you want to start looking for investors. And these investors you want to look at are going to become, what's called a joint venture partner.

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One of the ways you can finance your real estate investment deal is through private investors or private lenders.

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A common tool or a common financial vehicle that a lot of people use when investing in real estate is what's called a home equity line of credit or a HELOC. ⚒️

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One of the places you can find motivated sellers is at foreclosures. And where do you find foreclosures?

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One of the things I like to do when looking at a lot of properties is I like to use what's called a customer relationship management system (CRM). There are several of them out there. There are actually free ones out there too that are pretty good.

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When looking to get into real estate investing, you want to look at four deals that did not require you to put up any of your own money or four different strategies that do not require you to put up any of your own money.

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I have heard that a lot and you too probably heard it over the years where people can buy properties with nothing down. Usually what that means is:  it's not that you are not putting any money down to purchase a property. Because most investments, most purchases require some form of down payment, either 5% or as far as 20 or 25%, depending on what you're purchasing. ⏳

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When looking to buy a real estate investment, there are many ways to finance that investment. 

Personally, I don't like using my own money. So these are going to be very creative ways that I'm going to talk about.

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When looking at real estate for an investment, there are different ways to analyze that property depending on what your exit strategy is.

And by that, I mean you have to know what you want to do with that property prior to making an offer on it and prior to purchasing it.

For example, let's say you are looking for a property to fix and flip. So obviously based on that fix and flip, or as a wholesaler based on that exit strategy, you are going to look for a property that needs repairs.

You are going to look for a property from a motivated seller. 

The property may need repairs and maybe there is some debt on the property. Maybe they are behind in their mortgage payments, whatever the situation you go in and you look at the property.

 

This will also depend on the type of renovation that you are doing. It could be as simple as putting in carpets, doing paint jobs, depending on what you're doing as a wholesaler, and what the cash buyers that you're working with are looking to do with the property.

Sometimes these cash buyers are okay with a major fix, and that's what they're looking for. 

They are looking at buying properties at 50% and they want those properties that they can purchase at 50% so that they can put in maybe another 25% and then sell it full market value and make 25% on the deal. Now that is if you are looking at properties for fix and flips. 

 

The other way to look at a property is if you are looking at buy and hold.

You want these properties to be in fairly good condition.

 

You can buy a property that gets good rent and has a good rental history that you simply don't have to do a lot too. I don't recommend buying single-family homes for long-term rentals. This would mean that you are looking at a totally different type of property. 

 

Now, again, it depends on your exit strategy, depends on what you want to do with these properties. So in this case, I would look at properties that are multi-family homes, like usually four units plus or maybe even apartment buildings, depending on where you are with your strategy. 

 

It's very important to understand what your exit strategy is when you're analyzing properties

There are a number of things that you need to take into consideration….like the condition of the property, the price of the property, what kind of rent so you can get for the property. What are the long-term impacts of owning that property?

 

That is what you need to do if you are going to look at a property and you're looking at the exit strategy associated with your assessment of that property.

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There are two main things that you can look at when trying to negotiate with the seller. 

 

I talked earlier about all the influencers of the types of motivation, but now I'm going to talk about the two things that you primarily look at when trying to find motivation.