Thread: So Many Oppertunities - So Little Cash!

As the saying goes, cash is king. But there are always opportunities. The best thing to do without cash right now is to find great deals and bring them to those who have cash.

It doesn't have to be your cash...

I know many think you can only borrow from hard money lenders, but you can also raise private funds through IRA's and write your own terms.

I know many who are using this strategy and don't have holding costs like you do with hard money.

The best part? There are trillions of dollars in IRA's and anyone can tap into that source with the right knowledge...

Cash is king right now but there will be good opportunities for a few years I believe. Time to work hard and accumulate some capital to pick up some bargains.

In my neck of the woods there are a good amount of owner will carry/creative finance options-something to think about

I think it is totally depends upon your sole luck in real estate business that you just put your investment in those projects that are sound and stable and there is a sound goodwill of its name in the investment markets and then you have to make an agreement about your profit in the business which is definite whether there is loss or gain in the business entrepreneurs. but it is a risky market and take your cash back again is a difficult task at certain moments in the market there is a sudden boom and then sudden downfall in this business so one should be too vibrant and vigilant and have some investment and market knowledge before take part in this stuff.....

A lot of good points - though many deals are out there that require NO CASH, or at least no up-front cash.

If you think that the only way to acquire RE is by conventional ways - put money down and take out a mortgage for the rest - you are really missing the majority of opportunities out there today.

Sometimes deals don't require using $HM$ or $PM$ (Hard and Private Money) - especially with all the new laws that are being put in place today that are to help people recast notes, forbear, do short sales, etc.

Not saying that every deal can be done without cash, there is plenty that can be - using subject-to and seller financing to touch on two. Are they easy to find - well easier than days gone past - but it does take work. "If it was easy, everyone would be doing it" is a phrase I say all the time.

Well, good luck with your ventures - I hope that I was able to help with reframing your thought process.

You're right that "Cash is still King" but there's certainly opportunities to be had with financing too.

I wasn't in the business back in the early 2000's "Boom" period, but I still have tons of clients who are getting loans. The trouble is finding a decent house for them before other people make offers on it!

If you find the right niche and know where to look, you could be getting some great properties for a lot less cash than you think.

Case in point: A few months ago, I bought an 8 acre piece of land for $150 (that's right, one hundred and fifty dollars). I sold it on craigslist less than 2 weeks later for $7,000. With the amount of time I put into this entire transaction, I was making approx $900/hr.

There are a lot of people out there who are willing to give their property away for almost nothing - and in these cases, cash is typically the least of your worries. After all, who wouldn't be able to pull together $150 to buy a property like this?? Most people can handle this kind of minimal investment for the right opportunity, it doesn't have to take $10,000 just for a downpayment. You can literally own property free and clear if you know what types of people/properties to go after.

Cash deals are all over the place. You just have to know the hows and whys of hunting down private sales. There are people making a killing ot there right now.

If you did have cash what would be your number 1 investment choice? Commercial, Residential, Industrial or what about Governmental? Suburban or rural?