Think Like an Investor, Not a Consumer!
One of the biggest challenges that investors face is where to find funding. A lot of people use the excuse, “I don’t have money, I can’t…” In reality, finding money is one of the easiest steps. You have access to hundreds of thousands of dollars, you just have to know where to look. You can get your funding from home equity loans, hard money lenders, private lenders, business partners, and the list goes on and on. An obvious, yet overlooked, answer is credit cards.
Many people use credit cards to buy consumer items, like new clothes, electronics, or jewelry. But wouldn’t you rather spend your money on making money? The great thing about investing in real estate is that you can do exactly that. When you purchase and renovate a property, you’re only increasing that home’s value. So even if you’re borrowing $10,000, isn’t that worth it when you could get $40,000 to $50,000 back? Here are some ways you can really use a credit card to your advantage.
To discover more ways to find funding, refer to book 3, “Fund”, of Armando’s “Flip and Grow Rich” Master Course