I’m tring to get into REI, and i’m now reading a book by Robert Irwin. Anyways, say I needed a loan for 800k, and the most I have is 10k, what would the be the best way to go about this?
could somebody explain this to me? :-\
Pool your money with other investors, or do a hard money loan where the lender uses the home as collateral. Hard money lenders usually like seeing 60-70% LTV(Loan-to-value). I hope this helps.