Let’s take a look…
This is a subject which I have had quite a few enquiries about and is one which is close to my heart. Having started in property over 20 years ago by raising a student loan as a deposit on our first home, I know all about being creative when it comes to raising finance for property deals!
I am also a massive advocate of learning how to handle finance or borrowing of any kind in a responsible and careful manner.
Borrowing, regardless of where it comes from, must be handled with care and understanding. You really MUST know what you are doing when using OPM (Other People’s Money)!
This weeks specific question on raising finance came from Jez. He asked about the easiest, cheapest and best way to raise finance to continue to build his portfolio.
Click below to hear what I had to say…
Where there’s a will, there’s a way.
There are many ways to be creative when it comes to financing deals, but as mentioned before, you must learn to be responsible and know what you are doing. It is all too easy to lose control and make mistakes in this business, particularly when you are just starting out. This could have disasterous consequences for you and the person/organisation you borrow from.
You must learn your craft and GROW into this business, not just GO into it.
If you are finding it tough to get started, think about the person you need to become in order to be able to attract the people and circumstances which are going to help you. 🙂
Feel free to comment below with any other ideas or tips you have used…remember, we’re all here to help each other!