When you’re trying to build up your investing portfolio, you quickly realize how difficult, draining and unsustainable it is to do it on your own. This is where it becomes critical to employ creative financing and leverage other people’s money.
Investors are going to lend us money based on our relationship with them and the fact that they trust us to be able to pay that money back. If we don’t start with this intention in mind, or build the right strategies to fulfil this expectation, we can quickly lose our portfolio and our credibility.
How do we make sure we are always able to make our investors whole when we borrow money? What are some of the overlooked places we can get access to financing?
How can new investors build up their credibility? In this episode, I’m joined by innovative real estate investors, speakers, mentors and authors, Mel and David Dupuis. They share how new investors can grow their portfolio significantly without using any of their own money.
Three Things You’ll Learn In This Episode
Why we can’t grow our portfolio without creative financing
We can accumulate money for investing deals by working more hours or taking on another job, but this is difficult and frustrating. This approach is also incredibly draining because we’re trading time for money. The easy way to do it is through creative financing while utilizing other people’s money.
How to find the right institutions to partner with
Just because A-level financial institutions don’t have creative financing avenues for investing, that doesn’t mean it’s illegal. B lenders, credit unions, and private lenders are a great source of deal financing.
The difference between asking for money and presenting an opportunity
When you approach private lenders for funding remember you’re not going out asking simply for money. You’re going out presenting the opportunity for them to make money. We should already have the value of the deal we’re bringing to the table.
Melanie and Dave Dupuis, also known as Investor Mel & Dave, are innovative real estate investors, speakers, mentors and authors who have SOLELY acquired over 170 apartments/27 properties in just a few short years. Using creative and successful strategies, they have been able to increase their portfolio significantly without using any of their own money.
Buy Mel and David’s bestseller Real Estate Investing Secrets: A No-B.S. Guide to Creating Wealth & Freedom here.
Learn more about how Mel and David purchased 12 properties in 12 months with no money down in their free masterclass by visiting https://www.12in12months.com