4 real estate investors who have bought property with none of their own savings explain how they raised capital to get started. 'We're using other people's money to make us more money.'
that bring in $30,000 a month in revenue. Insider verified all home ownership and property revenue claims.
"I knew that there had to be funding out there for individuals who were looking to start businesses or wanted to use funding for investments," said Jervais."So we did a lot of research and came across private money lenders that were able to provide the funding that we needed to get us started."Courtesy of Natia and Jervais Seegars
As for how their investors get paid,"we're paying them 8% interest annually," explained Hommel."We give that out in monthly installments. And then we also give them a buy-out at a certain year so we can buy our equity in the deal back from them." Find the deal before you find the money Hommel and Sotelo's strategy is to focus on the deal itself before even thinking about finding capital.
"Raising the money wasn't as hard as I expected it to be," said Hommel."It was just reaching out to anybody and everybody, presenting our deal, and seeing if they'd be interested." It helped that they'd put so much work into finding an excellent deal, he added:"Once we realized that all we needed was the deal to be good enough, the process became a whole lot easier.
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