Where Do I Get Money to Do Pre-foreclosure Deals? - Posted by Deonda(MO)

Posted by Nate(DC) on August 12, 2002 at 15:49:28:

Sounds like you are working on the issues. I bet you could find a cheap car for under $500 at an auto auction or used car lot. That would at least get you mobile.

Good luck,
NT

Where Do I Get Money to Do Pre-foreclosure Deals? - Posted by Deonda(MO)

Posted by Deonda(MO) on August 11, 2002 at 15:29:56:

NT.

Thanks for responding.

Re: Where Do I Get Money? - Posted by Nate(DC)

Posted by Nate(DC) on August 11, 2002 at 17:55:28:

Sell something you own
Sell your car
Get a loan against your car
Get a loan against something else you own
Borrow from a friend
Borrow from a relative
Borrow from a credit union
Borrow from a bank
Do odd jobs
Babysit
Buy something at a yard sale and resell it for more
Buy a used car at an auction and resell it for more
Get money from a rich relative
Find a money partner
Get the money from the seller

I am sure you can add to the list…

NT

Like the Idea: “Get A Money Partner” - Posted by Deonda(MO)

Posted by Deonda(MO) on August 11, 2002 at 18:11:45:

What’s the most creative way to find a “money partner” to do deals? How do I setup so that we can work together? As I’ve said before family and friends will not loan me money. Banks are definitely out the question!

Thanks for responding.

Re: Like the Idea: “Get A Money Partner” - Posted by Nate(DC)

Posted by Nate(DC) on August 12, 2002 at 12:29:16:

Just out of curiosity, why are family and friends out of the question?

NT

Get A Money Partner is best. - Posted by Les Gee

Posted by Les Gee on August 11, 2002 at 21:34:29:

In general, getting a money partner is the best solution out in the field. The most successful real estate investor I know uses this technique.

Don’t let Greed get in your way. Share the wealth and your world will be bigger.

Re: Like the Idea: “Get A Money Partner” - Posted by Deonda(MO)

Posted by Deonda(MO) on August 12, 2002 at 14:24:16:

HI Nate(DC),

My family believe I need to go to school to get a license to do real estate investing…they (simply) don’t understand that I dont NEED one for creative real estate investing. Few friends that I do have…do not have any money to loan me.

Good news: I’ve called around and found a couple of investors that will Fund, if I Find deals in my area, but their criteria is to only buy in the surburbs; not city.

Bad news: I do not have a car to get around to do deals. So that’s what I’m working on right now!!

Deonda(MO)