Get Lots of Funding Your Real Estate Investing With Financing

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Takeaways:

• Financial independence can be achieved through real estate investment, even without initial capital.
• Utilizing other people's money is a crucial strategy for successful real estate financing.
• Networking with local real estate investors can provide significant opportunities for property acquisition.
• Exploring various financing options, including seller financing and hard money loans, is essential for aspiring investors.
• Understanding market cycles is vital for making informed investment decisions in real estate.
• Maintaining access to capital allows for strategic purchasing during market downturns, enhancing long-term profitability.

The primary focus of this podcast episode is the intricate art of financing real estate investments, a subject of paramount importance for aspiring investors who often face financial constraints. I, Dustin Heiner, elucidate various strategies to acquire funding, emphasizing that one does not need substantial personal wealth to embark on a successful real estate investment journey. Instead, I expound on the utilization of other people's money, alternative financing methods, and creative problem-solving as vital components of effective investment practices. Throughout the discourse, I share personal anecdotes and insights derived from extensive experience in the field, thereby providing listeners with a comprehensive understanding of the current market dynamics and opportunities available for investors. As we navigate the complexities of real estate financing, it becomes evident that with the right knowledge and resources, financial independence and wealth creation are within reach for all who aspire to invest in this lucrative domain.

financial independence, real estate investing, generational wealth, financing real estate, creative financing, how to invest in real estate, funding for real estate, mortgage options, seller financing, hard money loans, private money lenders, FHA loans, conventional mortgages, home equity loans, cash flow properties, multifamily investing, real estate coaching, credit card investing, access to capital, rental property financing

Episode Transcript

(00:01):
You're listening to the MasterPassive Income Podcast Network.
Welcome to the Master PassiveIncome Show.
My name is Dustin Heiner, andI'm here to help you get financial
independence, creategenerational wealth so you can afford
anything you want in life byinvesting in real estate.
And in today's show, we'regoing to be talking about everybody's

(00:22):
favorite topic.
In fact, the number one topicthat's always listened to, downloaded,
or found on my channel is it'sabout financing your real estate.
Cause not a lot of us have money.
We weren't born with lots of money.
But even if you haven't andyou don't have any money, I'm going
to.
Share with you how you can invest.
In real estate and use otherpeople's money and successfully get

(00:42):
funding for your real estate investing.
All right, let's start the show.
Welcome to the Master PassiveIncome Podcast where we talk about
investing in real estate witha special focus on making enough
money to so you can quit yourjob and live the dream life.
And now, here is your host,Dustin Heiner.

(01:10):
What's up?
What's up?
Super blessed as always tohave you here with me on the show.
Now, recently a Realtorreached out to me and says, hey,
Dustin, we have this deal thatI'm trying to help another Realtor
sell, and it's an apartmentcomplex in Chattanooga.
So this Realtor knows that Iinvest in Chattanooga.
We met at a local real estateinvestor meetup.

(01:31):
You guys know that I've alwayssuggested, if you've listened to
my show very often, I suggestgetting out, meeting people.
That's why I have myconference, the Real Estate Wealth
Builders Conference, which isnow Income Building Live.
The names is just changed, butit's basically the same thing where
we're trying to help you tobuild income in all of your investing.
Now, with building income, wehad the idea of, well, we have to

(01:55):
have a mortgage, we have tohave financing, we have to use money
to buy real estate.
And that's what this episode'sall about, is getting financing.
And so this Realtor sent methe deal.
It's in Chattanooga, Tennessee.
I want to say it's about 150units, and the seller wants $105,000
per unit.
Now, quick background.
In March, I just bought, withmy three other partners, general

(02:16):
partners, we raised $10million, bought this apartment complex,
super terrific apartmentcomplex, 325 units, and we bought
it for almost just a littleover $60,000 a unit.
Now we got a really, reallygood deal because the seller was
distressed Meaning they neededto sell it.
Well, we bought it for almosthalf of the market value we know
right now, though.

(02:36):
And I also know, obviously,because I just bought this property,
the market value for mostapartment complexes certain years
and all that sort of stuffkind of goes into it.
But this apartment complexthat the seller is reaching out to
me wants $105,000.
I know the max we couldprobably sell it for right away is
$105,000 to $110,000.

(02:56):
So I'm paying almost marketvalue, which I never do.
We're investors.
We don't want to pay marketvalue because when you pay market
value, then your mortgage is higher.
We want to capture that equity.
And in thinking aboutfinancing your deals, you can get
back better cash flow when youbring the value down or the cost
of that property down.

(03:18):
So because I knew that theactual market value is right around
the same price that they'reselling it for, I know I'm not actually
acquiring any equity when Ibuy the property, which means buy
it for less than it's worth,and my mortgage is going to be higher.
So those two main things goingto me passing on this deal.
Now, here's another quickthing that I'm telling you right

(03:38):
now.
So Charles Seaman, who's ourmultifamily coach, he has the multi
or MPI multifamily podcast.
Definitely check out his podcast.
We coach multifamily as well.
If you have five units andabove, he's done at least a dozen
deals of hundreds and hundredsof units each deal.
So he's a fantastic coach aswell, as does such a great job.

(03:59):
I run all my deals through him.
And so he's amazing when itcomes to multifamily.
And I was talking to him and Iwant to share you a little bit about
what he said to me aboutwhat's going on in the market right
now.
So this is something he sentout to, to.
To me.
But he says he just spoke witha guy who's 40 years investing in
real estate and private equityexperience to get his feedback.

(04:21):
He wanted to know what he'sthinking about the market and the
economy.
He said that this right now,this market right now is much worse
than 1990 and 2008 forcommercial real estate.
And it has been challengingthis time because lenders have been
reluctant to make deals.
He said that they are morewilling to write off bad debt back

(04:43):
in 2008, but that's not thesame now.
Now he said that.
And remember, this is aninvestor has been investing for 40
years and when you have abigger perspective that you have
much more or more marketcycles going up and down, seeing
and investing through market cycles.
Because I invested startedinvesting back in 2006 and so I saw

(05:03):
the market cycle.
Most of the or these peoplelike you see on Instagram and TikTok,
they started investing in 2021and they're saying oh, I'm so good
at this investing.
Well, they've only beeninvesting in an up market.
We'll see who is actuallyinvesting well after the next correction,
if not crash in the market.
You see prices are so high, ithas to come back down eventually.

(05:24):
Will or have some sort of correction.
Now this investor who's beenaround for 40 years, I've only been
doing it for 20 years.
He's been doing it for 40years, seeing so many market cycles
that he's now saying he thinksit's worse than 2008, which was really,
really bad.
He said now with his insights,the only caveat is if Trump puts
in a new Fed chair next yearand then he that new chair cuts interest

(05:47):
rates.
But how that affects themarket factors, economic factors
could be a big question markand not really know for certain.
But if everything stays thesame, he believes that lenders are
gonna continue to be reluctantto make deals this time because of
how much less properties are worth.
And he says this is the investor.
He says they're afraid that itwould really shock the market that

(06:11):
he mentioned that 40% of theexisting multifamily debt is in trouble.
Get that 40% of the currentmultifamily real estate investors,
all those big name people aresaying, hey, I have thousands of
units and I have all thismoney out there and millions and
millions of dol.
Well, you know, I've stayedaway because I saw the problem and

(06:34):
I've only been jumping back inthe last two years.
Now we have 750 apartmentunits in the commercial real estate
investing because we sawamazing deals, amazing deals, great
cash flow because the distressis coming up and the commercial market,
he says 40% of the existingdebt is actually in trouble.
He also mentioned the 1990crash resulted in six years of, of

(06:57):
cap rate expansion.
And if there was a crash like1990, we're gonna have a crash, but
then we're gonna make so muchmore money.
And this reversal from thecorrection to the crash and then
also coming back up, well,we're gonna make so much more money.
So what I'm seeing is ifyou're a strong real estate investor,
if you know how to invest, ifyou've been investing before.

(07:20):
We're gonna see a huge wave ofamazing deals coming away.
Sadly, people are going to get hurt.
People that didn't know how toinvest in real estate.
And this goes for singlefamily homes as well.
There are so many Airbnbowners, in fact, there's like 70,000
Airbnb short term propertiesin Arizona alone that they're sitting
on the market because fewerand fewer people are traveling and

(07:43):
there's such a huge inventory.
So the reason why I'm tellingall this is also the reason why I
have this episode today isbecause we have a huge opportunity
coming very, very fast for usreal estate investors.
I'll be completely honest.
I have so much access tocapital, and those are key words
you need to know.

(08:03):
Access to capital.
I have so much money that Ican use.
Doesn't have to be my money,could be other people's money, which
it is, plus my own money tobuy more real estate, because I have
that access to capital.
And, and having access tocapital doesn't.
Have to be your own money,like I said.
And that's why we have thisepisode talking about all the financing
ways and how to get fundingfor your real estate.

(08:24):
Because if you're notcurrently investing, you need to
start investing right now.
Because it's like surfing.
If you are trying to catch awave when you're surfing and the
wave's coming and you sitthere and wait, wait, wait.
Then as soon as the wave hitsyou, you're like, oh, realize, oh
my goodness, the waves here,you start paddling then.
Well, you don't have any momentum.
You're going to wave is goingto miss you or you're going to miss

(08:45):
the wave.
But what you do is you coming,you start paddling now, you start
paddling now before it gets you.
So you have momentum to carryyou into that wave and then you're
riding that entire wave intothe rest of the shore.
Same thing with real estate investing.
If you're not investing rightnow, it's going to be very hard to
get into the game.
If you're not investing rightnow, if you don't know how to invest,

(09:07):
you might be thinking, man, Idon't even know how to invest.
And once the crash comes, thenI'm going to learn.
Well, you got learning to doand then you got to start investing.
You're going to miss the theball, you're gonna miss the game.
And so what I want you to dois by learning how to get funding
and get financing for yourreal estate, then start implementing
it and if you need more help,like my podcast, get it for free,

(09:29):
download everything, listen to it.
Free.
So much information to get youinvesting without costing any money.
But if you want a little morehelp, if you need me to coach you
along the way, I've got fourother amazing real estate investing
coaches that were students ofmine that are now coaching because
they love helping people as well.
And if you're curious aboutthe coaching that we do here at Master

(09:50):
Passive Income, I'm going toconnect you with one of my students,
one of my students who said,hey Dustin, I just want to help if
some, if there's somebody thatis looking to invest but they want
to talk to another studentabout how terrific it was as a Master
Passive Income students to beable to invest, I'll be free, like
have them talk to me.
So we created a link.

(10:10):
This is the first time givingout on the podcast, but here's a
link for you.
If and the link will be inDescription Go to masterpassiveincome.com
bookacall all one wordbookacall masterpassiveincome.com
bookACall and you'll get onhis calendar where he's literally
gonna walk you through, thisis what happens, this is what you're
gonna get.
This is what I did.

(10:30):
And he's a fantastic investor.
He's even come to Rubecon andhelped Rubecon because he sees how
valuable it is just to helpother people.
And when you talk to him, he'sgoing to encourage you that you need
to invest in real estate tochange your life, which has changed
all of our lives now,thousands of students later.
But I want you also to be socomfortable with investing that when

(10:52):
this wave comes of amazingnessin real estate investing, you have
the financing, you have theeducation, you have the people around
you, other friends and otherinvestors working with you and helping
you.
That's what I have and that'swhat I want for you.
And with that I also, and Iwant to pause for just a quick second
and say thank you so much forlistening to the show.
If you've gotten anything outof the show, I would appreciate it

(11:14):
if you went to anywhere thatyou listen to say Apple or Spotify
or wherever and leave a fivestar review.
Honestly, I really appreciateyou leaving an honest review.
I just love giving all thisinformation out and I want to see
you succeed.
Also.
Send this to one person, justtell one person and say, hey, Dustin
wants to help a million peopleto invest in real estate.
You need to listen to thisbecause it's going to change your

(11:35):
life.
Lastly, get my real estateinvestment course completely for
free.
Text the word rental R E N T AL rental to 33777 rental to 33777.
I'll literally give you mycourse showing you everything in
the business so that you canbecome financially independent.
So if you're like me, fundingyour properties, funding your business

(11:57):
to buy more properties is hardto do.
It's hard to come up with thecreative ways to buy properties.
You know, it's also hardsometimes to get mortgages because
they look at your debt toincome ratio.
They look at how much moneyyou have that is coming in versus
how much you have that isgoing out.
You know, debt to income.
But having the ability tofinance your properties is absolutely

(12:21):
amazing.
Now what I want to do is Iwant to look at a few key ones that
I've used in the past, butalso give you other ones that people
kind of overlook and theythink maybe I shouldn't use this
because it might be risky.
Well, I'm going to tell youhow I've used it in the past and
how I've grown my businesswith funding.
So there are many different ways.
And so today, let's look at afew of them.

(12:43):
Now.
I've bought many properties.
I've bought some with seller financing.
I bought some with all cash.
I bought some with aconventional mortgage, refinance
money, pull out of propertiesand bought more properties.
I've used hard money, used,you know, family members.
I've used all the differenttypes of ways to actually buy properties.

(13:04):
Now here's another one.
I actually used credit cards.
I used a credit card toactually buy two properties.
I'll tell you that.
So I'll get into that in alittle bit.
But I've found that as abusiness owner, as an entrepreneur,
I need to be creative.
I need to make sure that I cansolve problems that come up like
finding money to be able tobuy a property.

(13:25):
You know, if I'm as I'mlooking up many, many different types
of deals and different waysthat I can grow my business.
Sometimes I get deals that Ican't buy or I can't afford, you
know, with a new mortgage orif I don't have cash or however it
might be, I need to find outcreative ways to buy a property.
And other ones would be likeeven seller financing, talking to

(13:46):
the seller and saying, hey, Ican't buy the property.
Or really say, you can't, butsay, I would love to buy the property
with your Seller financing,where I will pay you.
You're basically the bank.
You'll have no headaches, butI'll take care of the property as
well as pay you.
Just like you or the bank.
You're going to be monthlymaking money every single month.
And I will pay it off in, youknow, 10, 20, 30 years or whatever

(14:07):
it might be.
So I'm jumping ahead of myself.
So let's jump into a couple ofmy favorite ones.
So if you have the ability to.
Let's jump in.
The first one.
First one would be all cash.
Now, I know everybody'ssaying, oh, man, yeah, if I had cash,
I'd buy, you know, I'd buyeverything if I could.
But not all of us have cash.
Well, I'm here to say that youdon't need a ton of cash in order

(14:30):
to buy a rental property.
If you have cash, let's sayyou're working a normal job where
you're saving hopefully $100 a month.
I encourage you.
Some people might say, well, Ican't save $100 a month.
Well, I'm going to say, cutout some things so that you can start
some saving $100 a month sothat you can start putting your money
away so that you can invest.
Because if you're not savingmoney to invest, I'm going to say

(14:51):
it's going to make it harderand harder for you to buy properties.
And it's not.
It's not impossible.
You can absolutely buyproperties with low and no money
down.
But it's just so much easier,I tell you, it's so much easier when
you have cash.
And so some people mightthink, well, I can't buy a house
for $120,000.
I don't have that in cash.
Well, could you save up maybe $15,000?
Yeah, you probably could.

(15:12):
I know my wife and I, we firstgot married, you know, really, really
poor.
Didn't have much money, butshe got some.
Some money.
When we got married, she alsogot some inheritance.
And we had $17,000 to her name.
And we thought, well, Ithought I said, babe, I really want
to start investing in rental properties.
I see the future of us owningmany rental properties and me not

(15:33):
having to work a job, youbeing able to stay home and homeschool
the kids like you want to andthings like that.
And so that we can free up ourtime and free up basically control
over our lives.
So we control our lives.
And so I took that $17,000 andput that down on one property, that
one property started bringingin $525 a month.
And if you do the math, afterabout three, a little over three

(15:56):
years, I get every bit of mymoney back.
And then all the money on topof that is gravy.
That's basically all money ontop of how much I put into it.
So I took $17,000.
Now I've also bought properties.
Now this is back in 2010 whenthe market was completely, you know,
down and everything was going bad.

(16:17):
Banks were just trying to giveaway properties.
I bought even another housefor $6,500 that rents out for $475.
I still believe I still own that.
I bought another one for $7,800.
So you don't need a lot ofmoney to buy your first rental property.
There are plenty of places inthe country where you can buy them
for relatively low.

(16:37):
Now they're going to be older homes.
And I have another podcastcoming up that I'm going to be talking
about the good and bad about acheap rental property.
You know, the $15,000, the$10,000 properties, because there's
some good and bad things about it.
And I've definitely learned mylessons with the school of hard knocks
trying to figure out how toactually make money with these really,
really low priced properties.
But you can absolutely makemoney and make good money with these

(17:00):
really low cost properties.
So like I said, I bought myfirst house for 17,000.
Bought my next one, I think itwas 15,000.
Next one after that was like 12,000.
So it got lower and lowerevery time.
But right now, you can stillfind properties.
Right now when I'm recordingthis, this is 2018, this March of

(17:21):
2018, and you can still buyproperties that are low cost, which
would be, you know, $15,000.
You can still buy them forcash and still make money every single
month.
Now you got to look for them,you got to build your business around
it.
I've done a lot of work toactually build my business where
I'm actually making money andnot losing money.
Because having these cheaperproperties do take a lot more work,

(17:43):
which we'll have to get into.
And like I said in the otherlesson, other podcast, so what I
want you to do is think aboutother ways that you can use your
money for all cash if it'spossible for you.
Save up your money, $100 everysingle month, save up your money.
Maybe if you get aninheritance or something like that,
just get that first property.
Because I'm going to tell youright now, every investor knows getting

(18:05):
that first property is alwaysthe hardest.
And Then once you get thesecond property, you will start realizing
how easy it is.
You know, the first propertyis the hardest.
After you have that one,second property will come even faster.
Third property come evenfaster than that.
Fourth, fifth and big snowballthat keeps going downhill, that'll
go faster and faster andfaster and faster.
So that as soon as you, beforeyou even realize it, all of a sudden

(18:28):
you're making so much money,you can't stop it from coming in
every single month.
You're just making money.
Where I realized, hey, I haveso much money coming in, I'm just
going to quit my job.
I don't need my job, I don'tneed the income.
Praise the Lord.
So I said, I'm done.
I'm not working another day ofmy life.
So that's all cash.
Now I'm going to encourage youthat you can put that all cash down
and buy those cheaper properties.

(18:49):
But there's also another waywhich gets me into my next one would
be a conventional mortgage.
Now let's say you had that $10,000.
If you bought a $10,000property for the cash, all out, all
in is $10,000.
You bought the property for$10,000 in cash, no other money,
you know, no mortgage on topof it.
Well, that's definitely agreat deal.

(19:11):
But what if you bought abigger home, a better home, a newer
home that doesn't take as muchto fix up.
You know, you bought a$100,000 house, but you put that
$10,000 down on the hundredthousand dollar house while you're
using other people's money,which I will say is a great thing
about rental properties, youcan use other people's money to buy
properties and make cash flowevery single month.

(19:35):
And so over a 30 year spanperiod of time, you're basically
having your tenant pay for the mortgage.
Most mortgages are 30 yearfixed mortgage.
And the 30 year fixed mortgageis going to be, you know, the normal
payments are lower than like a15 or a 20 year mortgage.
So your 30 year fixed mortgagewill probably be, if you buy a $100,000

(19:59):
house, somewhere around $400 amonth, maybe $500 a month at the
very most.
Then you tack on your taxes,your insurance, your property manager
fees, things like that.
And then if you rent it outfor $1,200 a month, you're probably
going to be making at least250 to $300 a month.
I have plenty of propertiesthat I make over $350 a month because

(20:20):
I bought it, right?
I bought it lower than thenormal market value.
And then because of the rentcoming in, I have, you know, $1,500
or $1,600 coming in.
My expenses are around $1,000.
I'm making $600 a month.
It's just fantastic to be ableto make that much money.

(20:40):
So imagine putting that$10,000 down, buying a $100,000 house
with that 10,000 years andsomebody else's money.
Now here's a great thing.
The tenant is actually payingoff the rest of that house.
Now you still owe $90,000, right?
You put, you buy a hundredthousand dollar house, you put $10,000
down.
Now you still owe $90,000.

(21:00):
But the beauty of it is yourtenant is paying that $90,000.
Can you believe that?
They're paying it off.
So every single time you getyour rent check, you make a payment
to the mortgage.
And the mortgage company orthe bank, they take your money and
they knock off another month payment.
And what happens is afterthose 30 years, you own the property,

(21:22):
but you only paid 10,000 forthe property.
And the tenant paid for therest of that property.
They pay for all theprincipal, all the interest, all
the taxes, all the expenses,and you still made money every single
month.
So getting a conventionalmortgage is a great way.
Usually you have to put around20% down to buy a property.
There have been, I've actuallybought properties where I put 10%

(21:45):
down, got a 10% loan as wellas an 80% loan on top of that.
So it was, you know, 80, 10, 10.
Those are really hard to come by.
Now banks don't like givingthose out or if they, even if they
can.
But I have bought propertieswith that.
So there are creative ways touse money to get a conventional mortgage
and use the bank's money tobuy a property.

(22:06):
Now what I would suggest, ifyou're into, if you want to look
for this, call at least fouror five different mortgage brokers,
talk to them and say, this iswhat I want to do.
I have this property.
You basically explain the deal.
I have this property, I havethis much money to put down.
How can you get me the funding?
Some people might say, or somemortgage brokers might quickly say,
well, I can't, I need 20% down.

(22:28):
You know, they'll say, okay,we're done.
But I have found that you'regoing to find property or sorry,
not property managers, you'llfind mortgage brokers that have actually
been able to pull these things off.
And the banks are fine with itbecause they have their own criterias.
Every Mortgage broker.
And every bank have their owncriteria for what type of loans they
give.
Some are more strict than others.

(22:49):
Some banks are very strict,meaning they don't want, they try
not to lose money, they trynot to give risky loans out.
And so they don't like lendingto low credit scores or a high debt
to income ratio, things like that.
But there are other banks thatare a little more lenient that would
actually give these types of loans.
So call as many mortgagebrokers until you find a company

(23:13):
that, that's actually going tobe able to put the deal through for
you.
All right, so the next one,FHA loans.
Now an FHA loan is verysimilar to a conventional loan, but
it's backed by, it's a loan,basically a loan from the Federal
Housing Administration, fromthe government, United States government.
So they back and insure the mortgage.
And so you instead of paying10 or 20%, usually 20% for a normal

(23:38):
conventional loan, thegovernment allows you to pay only
3.5% down.
Can you imagine that?
You know, a $200,000 house,you're buying it for $7,000 out of
your pocket and you got that$200,000 house that hopefully is
making you $250 a month to$300 or more.
And so it's very attractiveway to buy a property because you're

(24:00):
putting so little money downthat after time or over time, all
that $3,500, you're going tomake that back in like three, two
years, maybe three years at most.
And then you have everythingon top of that is just money in the
bank, your FHA loan.
There's a downside to gettingan FHA loan though is you actually
have a mortgage, pmi,principal mortgage insurance.

(24:25):
So basically you have to payan extra insurance.
Not your home insurance, it'smortgage insurance on top of your
principal and interest thatgoes to the government that pays
them.
It's a private mortgageinsurance that's going to allow you
to be able to pay at 3.5%.
Now let me give you example.
So you buy $100,000 home,you're going to be paying probably

(24:45):
around $100 a month extra inthe PMI, the private mortgage insurance.
If you pay an extra PMI of$100, well, you just put that in
your numbers.
You make sure that you canafford that, that the cash flow every
single month will still bringin $250 or more, including that PMI
on top of it.
Now if it doesn't, then passon the deal or go to another deal.

(25:09):
But you always want to offerso that it makes you money every
single month.
You want to make sure youaccount for every expense.
Even if it's a pmi, somethinglike that, you can still have that
put in your numbers as an expense.
So you have that covered.
So you're still making money.
So don't let that scare youoff from getting your first property.
But three and a half percentdown, you know, if you buy a house

(25:29):
for $100,000, $3,500, you caneasily save that up.
I would hope that you'd bework, you know, work your tail off,
you know, get an extra job orsomething to save up $3,500 to buy
your first property.
Start making $250 a month,save that up to buy your next property,
and in, who knows, you know,eight or nine years, you're going
to have enough propertieswhere you can actually quit your
job.
All right, next one.

(25:50):
Now, portfolio lenders is whatwe're going to get into right now.
And most people think, oh,wow, portfolio lenders are, you know,
some people are getting in toreal estate investing.
Think about like this, thismythical white whale of a portfolio
lender.
How do I get a portfolio lender?
Because they lend, you know,to, to real estate companies like
mine or investment companiesthat invest in rental properties.

(26:10):
You know, they, they are,they're, they're willing to give
more, more investment propertyloans as opposed to, you know, four
or just one with an fha, anormal conventional loan, I think
it's four, four that you canhave at most on your name.
But anyways, portfoliolenders, so they're basically a portfolio
lender is a bank that lendstheir own money.
That's their own portfolio.

(26:32):
So think of your local bank inyour local neighborhood.
Not like, you know, those bigbanks like Chase, bank of America,
Wells Fargo, not like that,but think of like a credit union
or a local bank or a Citibankthat, not Citibank the company, but
bank in your city that isjust, you know, one or two, two places
in your area and they aregoing to give a loan that is their

(26:55):
own private money to you tobuy the property.
And that, that's now part oftheir portfolio.
That's why it's called aportfolio lender.
It's their own money.
Normal banks, if you go to,you know, Chase, Washington Mutual,
well, sorry, they're out ofbusiness a long time ago, I don't
know where that came out of.
But Chase, Wells Fargo, bankof America, all these other companies,

(27:16):
they basically give you theloan but then they sell off the loan
to somebody else and they makemoney on that transaction.
They don't actually lend theirown money.
So a portfolio lender is abank that lends its own money.
Now, we kind of think ofportfolio lenders as being, hey,
if we can get those, that'd beso fantastic.
Well, I'm gonna tell you one,they are great, but at the same time,

(27:38):
they're hard to find.
Now they're not so hard tofind that you can't find them.
So basically what you need todo if you want to find a portfolio
lender is start calling everysingle bank in the city that you
live or in the local area thatyou live.
It could be the county thatyou live in.
But call every single bankuntil you find one that actually
does portfolio lending.
Just literally, you know, whenyou, when you open or call your first

(27:59):
person that you talk to say,do you do portfolio lending?
Or can I talk to somebody?
Does commercial lending andportfolio lending, lending.
If they say, no, we don't dothat here, you say, okay, thank you,
hang up and, you know, move onto the next bank.
But keep calling until youactually find a company that actually
does it.
It's not so easy just to say,you know, a Google search and look
for portfolio lenders, whichyou definitely can.
You will find some, somethings to pop up.

(28:21):
But the most, the best way isto find a local place in your area
that would actually doportfolio lending.
So the reason why it's alsobetter is because banks that are
big, they have certaincriteria that they need to manage
all the way down to the lowestperson on the lowest totem pole and
make sure that they don'tscrew up.
And so they have these reallystrict criteria.

(28:42):
But a bank that is local, thatdoesn't have so many barriers or
levels of management and down to.
So anyways, the main personthat makes the decision to loan out
the money, he's maybe like oneor two people away from you.
So you might talk to the firstlender and he goes, let me talk to
my boss, who is the one thatactually makes the decision.

(29:02):
He sees your business model,he sees the plan, he sees your track
record of other propertiesthat you bought and says, okay, I'm
going to take a chance on you.
I'm going to give you the money.
And, you know, interest ratesgoing to be this, that, and the other.
The term is going to be, youknow, however many years, and here's
the money.
And it's their own personal money.
Now just think of them as themortgage Holder and you've just found

(29:23):
a bank that's lending theirown money, which most banks don't
actually do that because theyare able to sell it off.
Alright, so that was portfolio lender.
It's not as mythical as youmight think.
You can actually get themfairly easily.
You just got to find a bankthat's actually going to work with
you that does give those.
All right.
Another one would be owner financing.

(29:43):
It's also termed seller financing.
Could be the exact same thing.
Owner or it is, sorry, theexact same thing.
Owner financing and sellerfinancing are two amazing ways to
buy rental properties.
Let me give you an example.
So I have a. I knew of aninvestor that had three single family
homes and one duplex.

(30:03):
Now these three single familyhomes and one dupleX he wanted to
sell.
He was an investor.
He had his own businesses thatwere doing really well.
He just didn't want to have toworry about these properties anymore.
And he had many otherbusinesses outside of that.
And he just wanted his timethat he could, he could focus on
his businesses.
And so I said, well, you know,I could buy him from you.
So this is what I'll do.
I'll give you $25,000 cash andyou give me a seller financing for

(30:27):
the rest of the property.
So the total purchase price ofall the properties, you give me seller
financing and I'll pay youevery single month for that.
And so what happened was hesaid yes, and over time, basically
my mortgage payment that wasto him because it was my cash and
then he had the note.
So I don't actually have abank that is actually having a mortgage

(30:49):
on the property.
I have the current owner whois now, you know, he has a.
The mortgage on the propertyhas a note against the property because
he now has the note.
I don't actually have amortgage against it.
It's paying him as seller financing.
But it's so much betterbecause I didn't have to worry about
an appraiser.
I didn't have to worry about inspections.
I didn't have to worry about underwriting.

(31:10):
I didn't have to worry aboutreally anything because it's just
a transaction between me, the seller.
Now between me and the seller.
It's basically him saying,okay, you're good to go.
I'm going to go ahead and giveyou the loan.
You give me $25,000.
Here's the contract.
We're going to write it up,make sure that, you know, if you
default, I get the properties again.
Obviously I'm totally finewith that.
Just what I would do with a bank.
And so the seller is basicallybecoming the bank, which is one of

(31:34):
the best places to be.
That's why there are so manybanks, because they make so much
ridiculous money.
It's crazy.
So what you would want to dois work with any seller that you
can just say, hey, I can buyit from you with financing or getting
somebody else to pay.
But would you be interested inthe possible aspect of doing owner

(31:56):
financing, owner financing, orselling seller financing to where
you become the bank?
Well, I'll pay you over thenext 10 years.
I'll pay you X amount ofdollars over 10 years.
Every single month, likeclockwork, you're going to be making
so much more money than if yousold it right now.
And you'll make even moremoney every single month.
And after the 10 years, you'regoing to be having, you know, X amount
more than you were trying toselling it for right now.

(32:18):
And so it is a great way tofind a property.
You can even find sellerfinancing where you put, you know,
5% down, 10% down, you know,very little money out of your pocket.
So what I would encourage youto do is as you're looking for properties,
ask the seller, you know, whyare you selling?
Number one, so you canunderstand what their needs are.
If they need money cash rightnow, then seller financing might

(32:40):
not work that well.
Unless you can say, well, howmuch money do you need?
Do you need 20?
Like, this is what I mean.
I could tell my sellers, doyou need $25,000?
You need $5,000.
How much money do you needright now?
Maybe I can give that to youand you do the balance being seller
financing.
And if you do that, if youfind a good deal that you don't have
to go through a bank, that'sall those fees, those closing costs,

(33:02):
the points, the underwriting,all these different fees that you're
not going to have to pay ontop of, hopefully you're going to
be able to work out a decentinterest rate.
So I'm going to say go aheadand every time you find a property,
see if that's a possibilitywhere you can do owner financing.
Absolutely.
Fantastic way to get properties.
Now the next one, hard money.

(33:22):
Now, this is one where peoplethink, and I thought the same thing.
When you think, talk about, orwhen I talk about or hear of hard
money, I think of, you know,Jimmy, the money lender down the
street that has a bat that ifI don't pay my monthly or weekly,
you know, they probably chargeby week.
If I don't pay the weekly feeor my note payment, he's going to
come down and break my legsand then if I don't pay anymore,

(33:44):
he'll do even more damage, youknow, trying to get me to pay.
And so that's not what a hardmoney lender does.
You know, you probably canfind those, but I would say don't
go to them.
So a hard money lender is atype of loan that a private business
or a private individual, likea private investor will give money
out for real estate.

(34:04):
So it wouldn't be like goingto, like I said, go to Jimmy the
Wolf, we get with a bat.
It'd be actually going tocompanies that do lend private money.
Now there are some drawbacksto this.
Usually hard money is forgetting into a property really quickly.
So, so you can either flip itor refinance it or find some other
way to pay off that hard moneyloan and gets you into a property,

(34:27):
fixing up the property andgetting you ready so that you can
do other ways to get financing.
It's a great way to getstarted if you don't have any money.
So let's say you have aproperty that you want to buy, you
don't have any money to buyit, but you talk to a hard money
lender and a hard money lendersays, hey, I'll let you, I'll lend
you the money for theproperty, but if anything happens,
I get the property.

(34:48):
But there are some drawbacksto a hard money.
Now the hard money loans arebasically very short term loans.
Like I was saying, it's to getinto a property and try to get out
either through selling it, youknow, flipping it or actually refinancing
the property, taking the moneyfrom a bank, giving it to the hard
money lender so they get paidoff and then you have a long term

(35:09):
financed property.
Now with a longer term financeproperty, you no longer have to worry
about the hard money lender.
You now have the bank that hasyou know, maybe hopefully a 30 year
note where it's 30 year fixed,it's not going to go up, they're
not going to, you know, at theend of, you know, three years it's,
they're not going to wanttheir money back.
But the drawbacks come down tohard money.
A few things.

(35:30):
Number one, very short term,anywhere from six months to three
years maximum, they want, theywant to turn their money over very
quickly.
Now they also charge very highinterest rate.
It could be as high as 15%.
And depending on how lenientthe hard money lenders are, but they're
in the business of makingmoney and they make their money through
points where let's say you'reborrowing $100,000 where they're

(35:53):
going to charge you twopoints, which is basically 2%, 3%,
4%, whatever the hard moneylender is actually giving.
And so let's say, or asking,or you know, taking.
So let's say you're buying$100,000 house.
He says, well, it's fourpoints to buy the property.
Well, it's 4% of the purchaseprice, so that'd be $4,000.
That goes to the hard moneylender just for the privilege of

(36:14):
borrowing the money.
Now if you're borrowing it forsix months, then you're paying $4,000
for six months use of thatmoney and you need to pay it back
within six months.
It could be a year, it couldbe two years, whatever it might be.
But your goal, if you ever didget a hard money lender, use a hard
money lender, is to get into aproperty and know beforehand how

(36:35):
you are going to get back outof that hard money loan and get into
something more permanent.
So here's an example.
You see a house for $100,000,you want to buy it, but you go to
a, you don't have the money,the cash to buy it.
So you go to a hard moneylender and say, here's all the deals,
or here's all the numbers forthe deal.
I want to borrow money for twoyears and I'll pay it off before

(36:59):
the two years is up.
So he'll give you the, youknow, okay, 15% is the interest rate.
You're going to pay fourpoints on it and I'll give you two
years to pay it off.
And this is how the monthlypayments are going to be.
You work all that out, butbefore you even sign on that, make
sure that you can actually geta conventional loan right out of
that.
So within six months, youknow, you bought the property after

(37:22):
six months, you got it fixedup, you have it rented out, and by
the seventh or eighth monthyou go out to the bank and say, hey,
I have this property, it's myproperty and in six months, I've
owned it for over six months.
So it's been somewhat vestedwhere banks don't want you to.
Little side note, usuallybanks want you to own the house at
least six months before theywould lend money on the property.

(37:46):
I've actually run into thatmany times.
So after six months you canrefinance the property, pay off the
hard Money note, possibly eventake money out and put it in your
pocket, which I've done.
And you can actually have afixed loan instead of the hard money
loan.
Now you paid a few points, youpaid high interest on it, which is
true.
Yeah.

(38:06):
But now you have a property.
Now you have the ability togrow your business into a bigger
business because you now haveone property, maybe two properties,
three properties.
But this is a way to actuallyget a property when you possibly
could not have.
Now I'll give you a tip on howto find hard money lenders.
Super simple.
And this is much easier tofind the portfolio lenders, whatever

(38:28):
state or city you're going tostart investing in, let's say you're
going to start investing inLos Angeles, which I would absolutely
not recommend.
The prices of the homes areridiculously out priced compared
to how much rent you can bring in.
You know, let's scratch that.
I don't want to talk about la.
You're going to lose money ifyou invest there.
At least my opinion, I don'twant to invest there.
So let's say Boise, Idaho.

(38:48):
You're going to go to Boise,Idaho and you want to start buying
somewhere in Boise area oroutside of there.
So you go to Google, Yahoo,Bing, whatever search engine you
want, type in Boise hard moneylenders and search.
You're going to find plenty ofBoise hard money lenders.
There are actual reputablecompanies and you can hopefully see

(39:10):
their reviews.
Go to Yelp, check out the reviews.
But I've actually worked withcompanies that do this.
They give you the hard moneylender money.
They give you the hard money.
They're the hard money lender.
But they also have the abilityto get a conventional loan.
So they do both, they do thehard money lending and at the same
time they qualify you for aconventional loan so that after six

(39:34):
months they already have theability to put you into a conventional
loan for you.
Rather than you finding aconventional loan and a hard money
loan, trying to piece it alltogether, they will actually qualify
you for both, get you in one,so you get the property, then get
you into the conventional loanafterwards so that you don't even
have to do that headache offinding another loan.

(39:54):
They've actually done all thework, they pre qualified you, they've
already done everything.
So you're going to find lotsand lots of hard money lenders.
This is a great way to jumpinto properties and just make sure
that you understand the, thatyou know, after six months the note
comes due, whatever the termis, six months, one year, Two years,
three years, the note comesdue, which means you actually have

(40:15):
to pay the entire amount off.
But what you must do is figureout your exit strategy beforehand.
How am I going to get out ofthis hard money loan beforehand?
All right, next, let's move onto private money.
Private money would be anymoney that from basically from anybody
that you know.
So it could be friends, couldbe family, could be an acquaintance,

(40:37):
could be some business ownerthat you've talked to that you know
and say, hey, I have this deal.
Would you be interested ininvesting in it?
So it's basically a way tofind money that is in your relative
network of influence.
You know, the people that you know.
You talk to the people and yousay, you know anybody, your friends,
family, your uncle.

(40:58):
Let's say you go to your uncleand say, hey, I have this deal and
I need $25,000 for this deal.
And this is what I'll give you.
I'll give you 10% of the dealor 50%, whatever you want to offer,
as well as I'm going to beable to refinance, pull the money
out, pay you back within twoyears, basically using them as somewhat
like a hard money lender.
But you're able to bring themthe deal, put them so that they are

(41:21):
the banks, and you're payingthem the money.
So it's super touchy to talkabout money and business with family
and friends, but this is ahuge option.
I'll tell you.
I've been blessed to have mydad when I was getting started, bless
me, to be able to borrow alittle bit of money to buy a house.
And, you know, I was payinghim, I think it was like 9% interest.

(41:43):
So I was actually paying quitea bit in interest, but I was able
to borrow the money and thenpay him back.
And over, you know, the courseof three to five years, I eventually
had enough money where I paidoff where I didn't own that money
anymore.
But that was a great way forme to build my business is by borrowing
from my dad.
Now, not all of us have a dadthat can get that money, but you

(42:04):
may have somebody, you know,maybe somebody you don't realize
yet that could possibly be aninvestor with you and your business.
What it comes down to is youbeing vocal, not necessarily asking
everybody, hey, can I borrow money?
Hey, can I borrow money?
Hey, can I borrow money?
Don't do that.
I would say you're going toget very irritating very fast to
many people, but what you cando is tell them that you're an investor
you invest in real estate, youinvest in rental properties.

(42:26):
I have, because I quit my jobbecause I have so many properties,
because I've been doing it forso long.
I have so many people that sayto me, hey, if you need some money
to invest, I want to invest my money.
I want to get started doing this.
Just come down, talk to me,and I'll give you money.
And so what happens is,because I have talked about it so
much or people know that'swhat I do, invest in real estate

(42:47):
and rental properties.
They look to me and say, hey,I'm going to invest in you.
Not necessarily the deal, butI'm investing in you because you
have a track record, becauseyou have experience, because I want
to make money.
And so what people are goingto be doing, private money, people,
your friends, family and otherpeople that you know, they're really
investing in you also in thedeal, but they're trusting that you're

(43:08):
not going to lose their money,you're not going to waste their money
and all that sort of stuff.
So being able to find privatemoney is a great way to grow your
business, especially if youdon't even have a business to start.
If you can borrow some moneyso that you can get start your business
and get your business started,then refinance the property, pull
money out, pay off the privatemoney, then you have a property.
So use private, private money.

(43:28):
This is another tool in yourtoolbox of how to find and fund your
rental properties.
Another one would be homeequity lines of credit.
Now, this would also beconsidered a heloc.
That's the acronym for it,Home Equity Line of credit.
So that's also home equityloans as well.
Anything about your equityborrowing against the equity in your

(43:49):
property?
Now, there's two things.
One is refinancing, pullingall the money out of the property,
and refinancing, pulling moremoney out on top of it.
So let's say the property'sworth $200,000.
You owe $100,000.
So you have what it's worth,but you pull out $150,000 total.
Well, $100,000 goes torefinancing the total mortgage of

(44:10):
the first one.
Then $50,000 comes out andgoes into your pocket.
I've done this many times, andI've actually taken that 50,000 and
bought more properties so thatI can have more money coming in.
So now you can do that too,where you pull more money out.
Now, this is not home equityloan or HELOC line of credit, as
well as the loans that's notwhat this is.
This is a second on the property.

(44:32):
So let's say the sameproperty, Its value is $200,000.
You owe $100,000, but you wantto get a home equity line of credit
or a home equity loan to takeup that equity.
So they're going to give you,let's say, round numbers, $50,000
home equity line of credit orhome equity loan.
So you basically get a loanfor $50,000.

(44:53):
That's a second note.
Like there's a first note,which is the 100,000.
Second net would be the $50,000.
Now that $50,000 goes in your pocket.
If it's a home equity loanthat you can spend however you want,
you have to pay on that everysingle month because you now have
a second mortgage.
Or if you have a home equityline of credit where it's like a
credit card, you basicallyhave your house like a credit card.

(45:15):
If you pay somebody, you know,$10,000 to fix up a house, well,
as you pay that $10,000 down,eventually go back down to zero,
like a credit card, and youwon't be charged interest.
Home equity loan is basically,you're pulling out all $50,000 and
you're paying it off over theterm, you know, 20 years, 30 years
or whatever it might be.
So these are two great waysthat you can actually use the equity

(45:36):
in the houses that you ownthat you know, not just your personal
residence, which I wouldrecommend because I've done that
many times, but your otherrental properties.
You can actually use the otherrental properties, the equity in
those, to buy more properties.
It's absolutely fantastic.
Now, that was the heloc, orthe home equity line of credit, and
the home equity loan.
Now, another one I want togive you is partnerships.

(45:57):
Now, I'm going to say,personally, I'm not a big fan of
partners, because you split.
Okay.
Really what it comes down to,you have 100% of liability still,
even though you have partners,you don't take 50% of the liability.
You still have 100% liabilityon you, but you take 50% of the profits.
If you have a partner or 60,40 or 70, 30, whatever you guys work
out the partnership to be.

(46:19):
But it's better to have aproperty than no property.
And if you need to have apartner, bring in a partner that
has the money to buy yourfirst property, then absolutely do
it.
Because once you get started,then you can hopefully buy your partner
out, or they can buy you out.
You have more money now.
You can buy another property.
It's a way to get you started.
So even though I gave thatlittle disclaimer saying that I'm

(46:41):
not a big fan of partnershipsbecause you have 100% of liability
if it's the only way to get started.
Absolutely do that.
Get started buying investment properties.
So partnerships are basicallyfinding somebody else that either
has the money or theexperience or the deal or whatever
it might be, and workingtogether, either giving them equity
in the deal or basicallygiving them a loan on the property.

(47:06):
And so what you do is you have synergy.
Synergy is a fancy word forbasically the creation of the whole
of the entire thing isbasically greater than the sum of
its parts.
Fancy way of saying that ifyou have two people separate, they
produce, you know, 10 and 10.
So person A produces 10,person B produces 10 as well.

(47:29):
Well, separately they produce20 total.
But if you put them together,they now produce 30 because they
work better together, theyproduce more together.
So that's really what comesdown with partnerships.
Now let's say if you had yourown money and you wanted to buy a
duplex, that makes $1,600 amonth, total purchase price being
$250,000.
20% down payment would be $50,000.

(47:51):
But let's say you had apartner, you had three partners with
you, you each had $50,000 down.
So instead of buying that$1,600 a month passive income duplex,
you know, that's $1,600.
You make a month purchaseprice of $250,000.
So instead of having $50,000in one deal, now you have three people

(48:11):
with $50,000.
Not saying you could findthat, but if you did, you would have
three people with 150,000.
Sorry, $50,000 each comes outto $150,000.
Well, that 20% down paymentwill get you to be able, will allow
you to buy a $750,000 property.
Imagine an 18 unit compartmentcomplex with $8,000 in monthly rent

(48:34):
being split up between three people.
Because you each put in $50,000.
Your synergy together makesyou even more money than if you were
separate because you guys work together.
So I would suggest lookinginto other people that are interested
if you need to find a partner.
If you need a partner becauseyou don't have the money, you don't
have the experience,resources, whatever it might be.

(48:55):
Strongly recommend startlooking for other people who are
currently investing, any otherperson that is actually interested
in investing.
Because if you work withsomebody else, you spread out all
the extra work.
You know, finding propertymanagers, finding realtors, finding
Contractors, you split up thework, you also split up the money.
You know, if they put in50,000 or even $5,000, you have three

(49:19):
people putting $5,000.
You have $15,000 now.
Now, to put down on a property.
So getting a partnership,having a partner, or many partners
is a great way to find properties.
Sorry, to fund properties.
Now let me give you another one.
So another one would be credit cards.
Now, I know what you'rethinking, okay, Credit cards.
Buying a house with credit cards.

(49:39):
Absolutely.
In fact, I've actually bought two.
Can you think how stupid that is?
I actually bought two houseswith one credit card.
I'll tell you what happened.
So as I was in 2009 or.
Sorry, it was 2008, rightbefore the crash.
It was literally like threemonths before the crash hit, I got
a letter from a bank thatsaid, hey, open this credit card.

(50:01):
We'll give you.
I think it was like $15,000 orsomething like that.
But we're going to give you alow, low, low interest loan for the
life of the balance.
So if you pull out money, soit could be cash out or purchases
for the life of that cash out,I'm going to get.
We're going to give you.075% interest.

(50:22):
And I thought to myself, 075interest on money that's absolutely
ridiculously cheap.
Like, I'm hoping to get a 4%banknote on a property, you know,
a mortgage for 4%.
This is 0.75.
Sorry, 0.75.
So it's not even 1 point ornot 1%.
I said, that is cheap money.

(50:43):
They're actually paying me,because of inflation, over 3% a year.
It's average out 3% a year.
They're actually paying me.
They're losing money on the deal.
So I said, absolutely.
So I took out the credit card,wrote myself a check, pulled out
all the money that I could andput it in my bank account and then
bought two properties.
If you know my story, Istarted with really, really cheap
properties.
One property, the lowest Ithink I bought was like $6,500 for

(51:06):
a property.
So I bought two propertieswith this one credit card and this
one credit card.
The monthly payments, I thinkwas like $280.
But with those two propertiesthat brought in, I want to say, $500
a month.
So I was still on top ofproperty management fees, insurance,
taxes, things like that.
I was still pocketing withthose two properties, I think it

(51:28):
was like $500, maybe 450somewhere around there with the credit
card payment.
Now, since Then I paid off thecredit card.
I got all.
I still own those propertiesand they're making money hand over
fist now.
But that's another way thatyou can get creative if you can possibly
figure out a way to find cheap money.
And you know, if one comes inthe mail, which this was like I said

(51:49):
before the crash, after thecrash, that was dried up.
I never see those anymore.
But who knows, they might comeout again.
That could be anotherpotential way you can find another
property or fund another property.
So let's put all together.
So basically putting this alltogether is finding different ways
to get creative.
You know, maybe part of itcould be you have cash and another

(52:09):
part would be conventional loan.
The other part would be seller financing.
Other part was you used acredit card to help you, you know,
fund the cash portion.
It could be many different ways.
It could be even somethingwhere you have 10% cash down.
The seller financing gives 10%of the seller financing and then
you get 80% loan to get the deal.

(52:30):
It could be any of these manydifferent ways.
Getting a hard money loan andthen moving that directly into a
conventional loan.
It could be any of thesefantastic ways to put them all together
to find it and fund a property.
Now I'm going to encourage youto get creative and to think of how
you can solve a problem, nothow a problem becomes a roadblock

(52:51):
and stops you from going further.
Hey, if you can't do it withjust conventional, figure out, maybe
ask for seller financing.
Maybe.
See, is there a way I can usemy credit card?
I would say make sure thatit's the right credit card that you
use.
Maybe it could be a hard money lender.
Whatever it might be, work allthese together so that you can fund

(53:11):
the properties.
Because once you have a deal,you don't want to let it go.
Get creative and think of,hey, I got to solve this problem.
I'm an entrepreneur, I'm abusiness owner.
This is a problem I need to solve.
If I solve it, I make a ton of money.
If I don't solve it, you know,hey, there goes the deal.
So this has been the episodenumber two on how to finance your
rental property deals.

(53:32):
Like I said, this is heavily,heavily interested.
It's heavy interest in buy itfrom many, many people.
So many more people like thisis twice visited over compared to
every single page on my blogbecause people are so interested
in this.
And so I have a lot more on myblog and in my courses that teach
about how to actually fund properties.

(53:52):
This basically just scratchesthe surface on all the funding options
that you can probably get.
And I'm going to encourage youto look into furthering your knowledge
and contacts and networking ofpeople that might have money.
You might even get an angel investor.
Not necessarily angelinvestor, that would be like a business,
but an investor that has cash,that only wants to invest cash, wants

(54:15):
to make a 20% return on hismoney and then you pay him off.
You know, be somewhat like ahard money, a cross between hard
money as well as private financing.
But you might have a privateinvestor if you can find somebody
like that.
There are many different waysto fund properties and this was the
second episode of the Masterpassive Income podcast.
Thank you so much forlistening with me and I hope that

(54:37):
you get started.
I hope you find that firstproperty, second property, even the
10th property.
I want to be there to help youthrough there.
Thanks again for listening.
If you haven't subscribed tothis podcast, go ahead and subscribe.
And if you would do help meout and give me a review, honest
review, on, on whatever, youknow, itunes or wherever that you
are listening to, it helps me out.
It would be great to reach outto more people and hopefully I can

(54:59):
continue giving out this greatfree content so that you guys can
live the life of your dreams.
And that is it for today.
Go ahead and get my free realestate investing course, Texas word
rental, the.
33777 R E N T A L to 33777.
You can also join my realestate wealth builders group coaching.
Get all my courses.
All right, guys, we'll see youin the next show.

(55:21):
See ya.