How to Get a Loan in Real Estate
In this Show
The easier a loan is to get, the less money you will make, the more trapped you are, and the fewer buyers will be there to buy your deal on your exit. There are different types of loans, and the easiest to get is a residential loan, which is 4 units or less and you must live in one of them.
This is better than a home loan. This loan is not just based on your credit, it’s based on income. Commercial loans are more difficult to get.
Here’s what they’re going to look for:
1. They’re going to look at your net worth first.
2. Next, they’ll look at your credit.
3. Finally, they’ll look at your track record, what kind of experience you have.
The most important thing to have is #1. You need net worth to get started. Watch as I take callers today and review their deals so that you too can educate yourself on this business.
Check out https://cardonecapital.com/ for more on how you can invest with me and not worry about securing your own loan.