I started real estate investing two-and-a-half years ago, as of this post. After the first investment property, my boyfriend and I began investing together. Today, we own 15 properties in total.
Even though I had purchased a few homes in my lifetime, I didn’t know funding options as an investor. I had purchased several primary residences using a conventional mortgage. But when I started exploring other investment properties in the St. Petersburg, Florida, I soon found out cash was king. If you wanted an offer accepted on a foreclosure or auction property, you had to have money in the bank and a proof of funds submitted with your offer.
Below are some of the strategies I recommend to get started as a new investor.
Talk to a banker–or two. I know...Read More