WHERE TO FIND DEPOSIT FUNDING FOR REAL ESTATE INVESTING?
Have you ever thought of investing in Real Estate, but felt unsure about where to find the necessary funding? Well, never fear; there are many options for getting a down payment for your Real Estate investments. Whether it’s access to traditional banking or nontraditional sources like peer-to-peer lenders and crowdfunding platforms, accessing this kind of investment capital doesn’t have to be difficult. If you’re scratching your head on how to get started, My Smart Cousin has got you covered. We understand that everyone’s situation is different – which is why we provide customized advice for Real Estate Investors and Homebuyers, no matter your financial situation, and assist you in buying a house for the price of a car, our personal favorite way of investing! We are experienced Real Estate Investment Coaches and focus, in particular, on Black and Brown folks and women, helping this clientele and all clients implement strategies that are tailored specifically for them. In this blog post, we cover some ways you can get started securing that all-important down payment – from saving over time to creative financing solutions. Read on for a comprehensive overview of how best to finance your dream investment purchase. WHAT IS A DEPOSIT, AND WHY DO YOU NEED ONE FOR REAL ESTATE INVESTING? A deposit is a sum of money that is used as a down payment when purchasing a property. A deposit is typically required as a way to demonstrate to the seller that the buyer is serious about the purchase, and has the financial means to follow through with the transaction. There are a few reasons why a deposit is typically required to purchase a home, be it an investment property or a primary residence: