There are many different ways to finance a property. It’s important to get the right one for you because without the right financing your investment might soon be underwater.
“We’ve been taught to think of debt as a four-letter word, but it doesn’t have to be. Especially once you have the financial education to see how it can work for you instead of against you.” ~ Robert Kiyosaki, author of Rich Dad, Poor Dad.
As the quote above suggests, debt financing for real estate investment can make a lot of sense and really work for you.
When you get a loan from the bank, you can purchase a real estate investment property with only a small percentage out of pocket (usually from 3.5% to 20% down). You can then rent out that property and the tenant pays the cost of the debt while also putting money in your pocket.
It is important to learn about the different types of loans available - commercial or residential and how you can take advantage of these.
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“Monick Halm opened my eyes to all the different ways of investing in real estate. I am now invested passively in 2 syndications and a performing note, with $2500 a month passive income, and now I don’t have any lazy money sitting in a savings account earning 0.01%.” — Bernardette Williams