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How to Use Other People’s Money to Buy Real Estate Deals

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Real Estate Rookie

You’re trying to buy real estate deals in a hot housing market, and with home prices and interest rates continuing to rise, it may not be feasible to simply save and wait. Those who are trying to build big portfolios, scale their passive income, and retire early often need a place (or person) to get their financing from. This is where raising private capital comes in, and it can have a dramatic effect on your real estate investing journey.

Soli Cayetano realized this shortly after her first deal. She spent lots of time and essentially all her money buying, rehabbing, and finishing this single rental property. It was a success, but after the deal was done, she knew she couldn’t wait another three years just to save up a down payment. This is where her first private money lender, a family member, offered to partner up on her next deal.

Now, not too long after her first deal, Soli has successfully raised over $1M in private capital, allowing her to scale to a portfolio of over twenty doors! She walks through exactly how to find lenders, present to lenders, and qualify that a certain lender will work with your portfolio’s plans. Now, it’s not about “do I have the money?” it’s about “how can I get the money?”

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Join BiggerPockets for FREE
https://www.biggerpockets.com/signup?...
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Grab the Book “Raising Private Capital”:
https://store.biggerpockets.com/produ...
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Download Soli’s Private Money Presentation:
https://www.lattesandleases.com/shop/...
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Check out Last Week’s Episode on Real Estate Partnerships:
   • 17 Rental Units in 6 Months Using Per...  
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How I Built a $1M Portfolio Using Other People’s Money:
https://www.biggerpockets.com/blog/in...
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Should You Raise Private Capital for Your Next Investment Project?
https://www.biggerpockets.com/blog/ra...
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Follow Along Soli’s Journey:
https://www.lattesandleases.com/
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Follow Soli on Instagram:
@lattes.and.leases or   / lattes.and.leases  

00:00 Scale Your Portfolio Using OPM
00:34 Every Investor Needs Capital
02:35 What is Private Money?
03:04 3 Steps to Raising Private Money
04:42 Raise Capital the Right Way
06:49 Got the Capital? Get the Deals!

posted by notGaxtrounty2e