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Turn $25k Into Your Next Investment Property With These Financing Tips
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How do you finance your next property? Palak and Niti are back to offer advice on long and short-term loans, as well as financing options that you might not have even heard of yet.
If you enjoy the empowering feeling that comes with owning real estate but remain unsure as to what your next move is for that second property, then stick around because The Wealth Blueprint has got you covered.
In this powerful episode, They break down the difference between short and long-term loans and then crunching the numbers on what an average deal could look like so that you can see just how little money you actually need to bring to the table.
If you're looking to really build your empire, then getting a conventional loan from a bank simply won't do! You'll need a commercial loan as you turn two properties into three, three properties into four, and so on! Please join us!
"You need $25K to $50K to start. You don't need hundreds of thousands of dollars because you can leverage these short-term finance options." ~ Palak Shah
In This Episode:
00:00 Intro
00:18 What is the difference between a short and long-term loan?
01:35 What are your short-term financing options?
03:39 Crunching the numbers on a short-term financing opportunity
05:24 The pros and cons of private money and hard money lenders
08:44 What are your long-term financing options?
11:37 Examples of long-term commercial financing
12:55 What is a DSCR loan?
14:14 What should you look out for with both short and long-term money lenders?
Resources:
- Get a copy of Accelerate Your Real Estate - https://a.co/d/bdW6j7K
- Book a call - http://www.openspaceswomen.com/bookacall
- FREE 5-Day Real Estate Investor Accelerator - https://www.openspaceswomen.com/5day
Connect with Palak and Niti
- Website: https://www.openspaceswomen.com/
- Instagram: https://www.instagram.com/openspaceswomen/
https://www.instagram.com/openspacesacademy/
- Facebook: https://www.facebook.com/openspaceswomen
- LinkedIn: https://www.linkedin.com/company/openspacescapital/
- YouTube: https://youtube.com/@openspaces1251
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