There are many different aspects of financing that we will need to cover in order for you to be familar with all the options that are available to you. You may not need these financing options at this time, but there will come a time when you will need to use one or a combination of these financing options.
I created the mind map below to give you a better idea of some of the options that are available to you. We will be going over these in more detail as we focus on the different types of financing that you will be able to use. Take a look at many of the options available to you.
Financing is probably the least sexy part of Real Estate investing, but the second most important. (The first most important is finding the right properties to purchase.) Most real estate investors stick themselves into really challenging positions because they don’t set themselves up correctly, and they keep losing deals because of it.
Financing should be part of both your short and long term plan when you are building your real estate portfolio.
The challenge will be that things change all the time in this area. Goverment bodies change the financing rules, banks change their rules, and global economics can also influence these rules. Your own personal situation will change as you grow your own portfolio. You may start with a great paying job and end up working for yourself running your portfolio. As all these changes occur, you will need to position yourself correctly to your lenders.
This course is a great start, but you also need to develop relationships with mortgage brokers, lenders, joint venture partners, or private lenders that will help you to continue your journey. Make sure to dig your well before you need it. One of the keys of being a proactive real estate investor.