Think you don't have enough time, knowledge or resources to invest in real estate? Get started as a credit partner with a seasoned investor, using your good credit and documented income to co-borrow on a mortgage. Partnering with a full-time investor allows you to learn while you earn a stable income, until (or if!) you decide to become a full-time investor. Credit partners often pay NO MONEY out-of-pocket; their investor partner pays all fees and closing costs. The partners then split monthly income and proceeds from the sale of the property at some point in the future.
How does this work? How can I afford another mortgage?
Many people think that if they already have a mortgage, they could not possibly afford to take out another one. This may be true--if they are buying a second home or vacation property that generates no income. However, if they are buying an income property, lenders will consider the rental income in qualifying the borrower for a new loan.
If you already own property, you may be able to free up some cash for investment by taking out a second mortgage or a home equity line of credit (HELOC). A second mortgage at a fixed rate may allow you to invest in a long-term loan as a credit partner; while a HELOC may allow you to do some short-term private lending. Either option gives you experience working on real estate investments with a more seasoned professional.
How can I learn more?
Send for my free report on "Equity Partnerships in Real Estate Investing for the Full-Time Employee" by emailing HomeLandInvestment@gmail.com
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