So now you’ve made up your mind that you’ll be a successful real estate investor. You’ve read all the works of Robert Kiyosaki down to his game instructions inside the Cash Flow Board Game; you’ve pumped yourself up with Donald Trump’s motivational quotes about being rich; you’ve scoured all newspapers for potential real estate ventures; you’ve read all the books about real estate investment in the market; and yeah—you’ve even befriended your neighbor who keeps stealing your gardenias just so he can reveal to you the best people who can work with you during your home renovations. So is there anything you’ve missed in your checklist?

Nothing important--just the money you’re going to use for your investment.

Now let me ask you a question: Whatever made you think you can become richer than Robert Kiyosaki without money to start your real estate investment?!? Of course money is the most important thing you should have so you can invest in a property!

This answer is so obvious, I’m losing brain cells by the thousands.

Now that we’ve established this fact, let me ask you a question: HOW ARE YOU GOING TO GET THE MONEY TO BUY THAT PROPERTY?

There are many ways, to tell you the truth. However, I am going to give you three of the most commonly-used today:

1.) Other People’s Money
Thank heavens for rich people who don’t know what to do with their money. The truth is, money can make some people lazy, so they would much rather have someone do the dirty work for the exchange of getting a return on their cash. One good way to approach them with your proposal is to make them your partner, and allot them a certain percentage of the overall profit.

2.) Subject-To-Financing
This is how it works: a buyer convinces the seller that he won’t be able to buy the property outright, but what he will do is take over the mortgage payment. Then, he will find someone to rent the property, and the renter’s payment will be used to pay for the mortgage payment in addition to the positive cash flow you will add every month.

3.) Banks and Other Lending Institutions
There are banks that provide loans to those with a good credit history. When I say with good credit history, I mean those with a credit score of 680 or better. Lending institutions, specifically the “Hard Money Lenders”, also loan money to those that have properties that fall within their lending guidelines. The best way to find them is through Google search or by attending any local REIA meeting.

There are many ways to fund your real estate investment—it just takes a little bit of creativity, innovativeness, courage, determination, and patience to find the one that suits you. Just keep working hard—and your efforts will be greatly rewarded in the end.
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