How to Find Funding for Your First Investment Property | Real Estate Investing 2023

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• I Stopped Investing in...
The number one way to build wealth is to invest in real estate, but that takes money to get started! So in today's video, I'm breaking down all of the numbers on how to find funding for your first investment property.
This means using four different methods, three of which I'm using this summer!
Real estate investing 2021 is a hot market, but that doesn't mean you can't get started investing in real estate. Whether you want to know how to flip houses, how to wholesale real estate, or how to do the brrrrr strategy, this channel has something for you!
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If you haven't already seen episode one of this series, check it out here:
• Wholesaler to House Fl...
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Get my wholesaling deal calculator and other tools
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Watch these next
-Wholesaling My First Deal Series (8 episodes!):
• Wholesaling My First D...
-All About Wholesaling Playlist
• How to Wholesale Real ...
-All About House Hacking Playlist
• House Hacking
Read these
Listen to them on Audible for free: amzn.to/2Xgfc0l
Read them on Kindle for free: amzn.to/317xhii
- Richest Man in Babylon: amzn.to/2Bq7A3u
- The ABCs of Real Estate Investing: amzn.to/2zTE4mg
- The Book on Rental Property Investing: amzn.to/304Q917
- The BRRRR Investing Book: amzn.to/3gQRteB
- Rich Dad, Poor Dad: amzn.to/38PeIDe
- The Millionaire Real Estate Agent: amzn.to/300H4pN
- Never Split the Difference: amzn.to/2IdouWH
some of the above links may be affiliate links, meaning I make a small commission on the sale at no extra cost to you

[@kimayaknight7180]

Hey Lili thank you for sharing this info. Very well explained I love it I must say real estate is a great place to invest my money right now. It can double every penny no doubt

[@phillawson5785]

You're right kimaya it's a good form of extra income

[@georgenoah4872]

You're right ma'am but you need huge capital to start investing in real estate or you would be a landlord to make money

[@kimayaknight7180]

@@georgenoah4872 You don't really need huge capital to start investing in real estate. I got started with with a little less than 20k. Right now I have a units in real property and make about $5k - 7k as passive income monthly

[@nicolasfernandez222]

@@kimayaknight7180 congratulations How did you achieve that?

[@kimayaknight7180]

@@nicolasfernandez222 I work with a broker

[@jalabi99]

The final boss of financing: using private money for the 20% down payment of the purchase, using hard money to pay the remaining 80% of the purchase and for 100% of the rehab. Sell the property and pay off the PML and HML, pocket the profit. With none of your own money in the deal

[@dandremills2735]

I would have to have a good enough credit history, to get the payments with putting down anything now I have the loans and house, I have to renovate refinance then sell the house.

[@djc6323]

@@dandremills2735 Yeah thats the sweat equity ie: hard work and focus required in RE.

[@aisha-3857]

You say use none of your money but where is the “hard money” and “private money” coming from

[@djc6323]

@@aisha-3857 Residuals…they make money off the points, interest/time and other fees. They do this over and over and build capitol ie: stack their bank account. Over time they are able to offer larger loans and/or service more investors. I mean its the same premise any company uses. Flip and stack method….even drug dealers know that basic concept.

[@brewdog8568]

@@aisha-3857 hard money lenders rich people who put there money to work I buy you a house for 100k at 8% to 12% for 6 months easy return if u have money to loan

[@youngcapstar]

i dont understand why this video doesnt have a million views. the amount of detailed info in 20 mins she gives is insane.

[@maybeitslilimaybenot7401]

I try!

[@yyoshi18]

Yeah I’m watching this in 2024!!! She is Amazing!!!

[@migueld24]

Congrats on the 6 units! You’re giving us so much information for free and I appreciate it so much. I would subscribe again if I could.

[@Liliinvests]

I appreciate that!

[@jamessalazar6702]

FAX holy fuck 🚀

[@yolettahall4026]

I’m new your channel and you are the most informative, congratulations on your accomplishments!

[@Shae_Wes]

I’m

[@uncommonlegacy232]

Ok 👍🏾 I’m

[@christopherbenguechea4742]

YOU ARE THE #1 at doing this! My brain just exploded with all this information. Thank you so much

[@christopherbenguechea4742]

@Lili Thompson I was like, what type of math equation do I have to solve and then I got it 🤣

[@maximizedmoney]

I’ve watched tons of videos on BRRRR and you made it make the most sense! I was always stuck on the “all in at 70%” because it wasn’t clear how we got there. Thank you!!

[@4SeaBass]

Hi! I love your videos and your real estate channel is now my go to for everything! I was wondering if you could make a video explaining how you set up your business and how you keep track of all your money for taxes and such. Basically to make sure that when I start investing I don't get into money problems with the government in tax season.✌

[@thefoolishhiker3103]

Very well done video comparing these funding methods

[@jayha22]

Didn't know about the commercial financing for a BRRR, very helpful!

[@waynejohnson2894]

@Lili Thompson is this your real number?

[@The_Real_Les]

What's the name of that commercial loan strategy or a company/lender that does them?

[@evanmccuistion3701]

Thank you Lili, this information is game-changing.

[@Liliinvests]

You're so welcome!

[@The_Real_Les]

Wow! A very detailed breakdown. I learned a lot in this video. Thanks!

[@nyssanavarro8392]

This is amzinggg!!! I feel like I’ve been blind my whole life 🥴

[@okayberm]

Omg I freaking love this !! Informational , inspiring, and motivational.. I can’t wait till I’m going about deals with these different funding methods 🥰😭!

[@carmellascoffee4281]

love this content good luck with all your future projects! Don't forget to keep us informed of all the details!!

[@theveteran8546]

Want to say I love your videos and I’ve watched your whole journey thank you for the knowledge and inspiration 👏🏾

[@STONYASH]

By far one of the most sincere posts I've come across . Most videos use similar title and you watch everything with zero info provided. Keep it up...God bless !!!!!

[@shalalary]

Thank you for such valuable information and for being honest and not like the other KZbinrs who are greedy with their information. I feel like information like this is often kept from the unwealthy and it's unfortunate. You are helping so many people with your content. Stay blessed and best of luck to your ventures!

[@dianascott731]

The issue I'm finding is even with hard money lenders or private money lender etc you still need at least 20% (In Ontario, Canada) So you still need some $$$ to bring to the deal

[@Panda_J1]

Yup that is correct. 20% is pretty standard for investment property

[@maybeitslilimaybenot7401]

yes, but that doesn't have to be a bad thing! borrowing 100% is risky! side hustling or wholesaling are two good ways to earn and save the capital needed

[@nia.aleese]

I LOVE the way you broke this down! You just made my whole night!

[@Kev777love]

Congratulations Lili you are awesome and thank you for sharing all your real estate investing knowledge I really appreciate it. You are killing it keep grinding.

[@Bigfaithacademy]

You just earned a subscriber! I’m declaring that this will be one of the biggest investor/real estate channels on the net. ITS DONE!!

[@Bigfaithacademy]

BELIEVE ME NOW?

[@missuniverse8931]

I just found your videos and am trying to make my way off the corporate plantation and start building my real estate investing portfolio.

[@KhySoSmooth]

Thank you so much for the content! Im looking in commercial loans for my first property, how do you find the right commercial loan programs?

[@ernestocarrillo7]

Lili your awesome girl keep up the good work. You are much appreciated 😀

[@MelodicMystic]

I really appreciate your content! Tysm! 🙏🏽

[@BROOKLYNDAVIS718]

Now thats crystal clear!💪🏾👍🏾

[@monimoet1225]

Great information, came across your page on time. I'm looking into real estate investing and have a seminar I'm going to this weekend. Ready to start work for myself . Thank you

[@Liliinvests]

Fantastic!

[@mrstjs1]

You are such an amazing soul, thanks for all you do.

[@Yahkahey]

Lili, I am so proud of you! You keep kicking but girl.🌹👍🏾😀👏🏾👏🏾👏🏾

[@alonsoalcantar7847]

For those of you wondering. If you have family members with money, they can become a private money lender for you. Depending on what you negotiate, the private money lender can cover both cost of the home and rehab of the home. This is good for the lender if they're looking for a way to make investments. It's good for you the borrower if you have no money to your name and are trying to get into real estate

[@createdluck628]

amazing vid thanks for info and posting. straight gold....

[@lovehebrews135]

Amazing video! TY! Do you recommend Propstream over Deal Machine for a beginner?

[@cass_ya_boy]

hi Lili ..please explain the "Donut" in the background lol

[@mebrakabraham8180]

I love your videos, thank you for the information. I am very interested in propery investment, but not sure where to start.

[@latashar.mcguire2693]

Lili, I’m in Oklahoma too! It is awesome that you are in the same state as I am. So, I hear that Oklahoma no longer allow Real Estate Investing if you don’t have a realtors license. Did you get a real estate license?

[@daverenawhite6183]

This is amazing. I want to work on this strategy

[@twaniatm]

Thank you

[@Liliinvests]

You're welcome!

[@BP-kc3dj]

Good lawd Miss! You talk fast. LOL! I get it but it gets to me at some point. Here is a tip for any one having the same problem I am with her speed of talking. KZbin allows you to adjust the speed of the video. I find that listing to her at 75% of the top speed is perfect to get the right breaks between sentances. Otherwise, she goes at it hard. LOL! GOOD STUFF! Keep up the good work. Just slow down a bit. We all are not going anywhere if we came here. :-)

[@ElizabethGalarza1]

I have her at 125% and slow down to 100% when I hear something that I really want to remember 😊

[@prasathcs7377]

Hello Lili thanks for the info. May I know what the commercial loan is called?

[@The_Real_Les]

She responded to another reply with this answer: "It’s usually just called a rehab to conventional or interest only to amortization, but ask 10 small local banks if they have something like that then ask their requirements based on your experience and available capital"

[@vicentegutierrez9213]

Some of the best Raw content I’ve seen !! Did you have to buy any type of insurance during the renovation process?

[@ElizabethGalarza1]

You do need insurance, it's called builder's risk. The lender will require just in case the house burns down during the repair time. They need to protect their investment. The same thing happens when you finance a car, the bank requires full coverage/comprehensive and collision insurance to protect their property

[@bernarat]

Great content and explanation

[@kevinmarusca4194]

What's the name of that specific commercial loan?

[@The_Real_Les]

She responded to another reply with this answer: "It’s usually just called a rehab to conventional or interest only to amortization, but ask 10 small local banks if they have something like that then ask their requirements based on your experience and available capital"

[@mooshinah]

I love this video thanks

[@irene27206]

Thank you lili for all the info and congratulations on your growth. Does your bootcamp cover fix and flip, the BRRRR and wholesaling or just one subject?

[@Liliinvests]

Just wholesale

[@managinglandlords1987]

Which is better PropStream or prop wire?

[@christinajones2155]

I hope to meet you one day! Thank you, again!!!

[@jesterent.6176]

Hi Lili! Love your videos! Can you please recommend a good trustworthy mortgage company for a cash out refinance??

[@church_girl]

Thank you very much Lili

[@Liliinvests]

✊🏾

[@drdvacuums9635]

Either way this goes I gotta come up with 15-20% 😂😩😩 no matter what

[@iam_iimaniejoi]

I own a property out right that I need to renovate…It was a distressed property…can I use a hard money loan to renovate even though I own the property?

[@misunderstoodkj]

Yes you can.

[@brewdog8568]

What state? Covid provided a lot of help for this

[@rishireddy8878]

Very informative videos

[@ArroyosCapital]

Amazing 🔥

[@queesecarter928]

Can you point me in the direction of the credit videos ?? What factors go into that ??

[@Shalonte_The_Apartment_Locator]

Found it!!!!

[@biggboy20032003]

Which do you recommend Propstream or dealmaker?

[@justmemotivation3173]

Seller financing fir 20% may also be possible

[@benazubuike1064]

Hey @Lili, super educative video. Just awesome! I was wondering if you can share the name of the Hard Money Lender you used for your flips.

[@maybeitslilimaybenot7401]

Video coming soon!

[@amazingapparelii6705]

What is the bank that is financing the 80% cashout?

[@arieldaemon]

Thank you 😊

[@rickiericktv3320]

LiLi did you go to school for real estate? I would really love to get into flipping houses.

[@Liliinvests]

books. courses. mentors. experience and failures and eventual successes :) no school

[@alexlittle5162]

Awesome!!

[@melvinowens3888]

what tyoe of credit do you need/?

[@ewlinitis]

You use an LLC ?

[@1chachiing]

Who is the commercial lender you're using❓

[@The_Real_Les]

She responded to another reply with this answer: "It’s usually just called a rehab to conventional or interest only to amortization, but ask 10 small local banks if they have something like that then ask their requirements based on your experience and available capital"

[@michellerocha1166]

You’re awesome!

[@donayja]

Do you do all of this under a llc?

[@ArtisticallyAspiring]

Quick question, when doing the BRRRR strategy don’t you have to wait 2 years before you can do a cash out refinance?

[@Liliinvests]

Watch my latest video about BRRRR

[@rishireddy8878]

Love the nasa sweater

[@zeoliz71]

ignoring taxes, closing costs, holding costs and commissions drastically misrepresents any roi you calculated

[@cenafanist]

What’s that last loan called?

[@bobbiefry3188]

Who is your lender in oklahoma? I'm in the claremore area and cannot find a hard money that is 100 percent

[@WoodcraftWhiz]

Ur a beast wow

[@sashasmith9947]

So how do you get money for renovations?

[@Liliinvests]

Wholesaling

[@missuniverse8931]

Do you have any problems with appraisers low balling you?

[@maybeitslilimaybenot7401]

interesting question, I've been a bit worried about that at times, but haven't had any appraisals come in low so I'm grateful

[@jamesoaks866]

Hi Lilli thanks for the insight but how Bout if I don't have 20% to give down how would that work. I'm trying to wholesale but don't have that amount or percentage to be able to wholesale does that mean I won't be able to wholesale?

[@jamesoaks866]

@Robert G isn’t the down payment supposed to be provided at beginning of closing process with the seller on a double closing? How would she pay the 20% down by them if she still hasn’t gotten to the last process of selling it to the buyer?

[@maybeitslilimaybenot7401]

You don't need a ton to wholesale. Maybe a few hundred for earnest money and possibly some for marketing. 20% comes in when you're going to buy the property yourself instead of wholesale it

[@GhanYt]

Stock future rally treasury yields fall, as inflation cools by more than expected in November, I'm still at a crossroads deciding if to liquidate my $138k stock portfolio, what’s the best way to take advantage of this bear market?.......

[@bahijarhafiri]

I'm sure the idea of a coach might sound generic or controversial to a few, but new study by investopedia found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $500k from an initially stagnant reserve of $150K all within 14months.

[@bahijarhafiri]

The advisor I use is ROCH DUNGCA-SCHREIBER* Count, she's verifiable , so you could just search her.....

[@evanmccuistion3701]

I'm glad you spoke about what happened to Dave Ramsey in another video. This cleared up a huge misconception for me. Here is the video: kzbin.info/www/bejne/b3uXeoWhdqqpmbs

[@noelfacey3600]

Dave Ramsey follower here, however I come in peace ✌

[@Liliinvests]

😂 welcome!

[@stantoine_xperience]

Are you familiar with lease option deals? You’d probably do great!

[@maybeitslilimaybenot7401]

I'm learning more, might be something I add to my tool box soon!

[@ElizabethGalarza1]

Illegal in several states

[@lilyork2332]

Hey Lili I love your video . But one thing You talk to fast it hard for me to understand My English is not to good 😂 I hope you understand 🙏

[@lyonzdeninvestments2059]

We’d like to connect! Reach out to us !

[@kelvinadams4877]

haha to fast im watching the video playback speed 0.5 taking notes, if you see 1k views tomorrow propably was me, repeating.

[@Geneiveve]

You are going to be a very wealthy person because you are blessing people with knowledge. There is enough money out here for everyone because the universe creates more and more everyday. Your wealth is going beyond money. You are liberating people from poverty! What you are sharing is priceless. Thank you.

[@gilbertcartagena6153]

The amount of info your giving us is crazy. Thank you

[@Liliinvests]

✊🏾

[@staceythomas9316]

Congratulations on the 6 units! I signed up for your boot camp, can't wait to start! You have been so transparent, honest and easy to follow, thank you so much! You have been a huge inspiration for me to take my business to the next level and beyond!

[@omarcarrillo895]

How can i sing uo to this bootcamp

[@rachelmoore6372]

6 units this summer?! 👏🏻👏🏻👏🏻 wow!

[@Hitube9]

Im binge watching you videos. LOL your honestly is refreshing. Im a investor in Chicago. You remind me of when i started. It went the same way. I had a deal stolen also. But i did get my first flip a year after that happened. The BRRRR method is something I wanted to do 5 years ago but an investor who was coaching me at the time said i was stupid for doing it. I see how wrong he was. He said i was just building up debt. But….i wasn’t worried because i can use series LLC to hold my properties in. Just curious, do they have Series LLC there? Also you are great at explaining this process. I have several questions about how you found the properties which is the hardest part for me.

[@SEEKANDDESTROY717]

Literally my new favorite KZbinr thanks for such clear valuable information.

[@sue8935]

ABSOLUTELY LOVE "ALL" OF YOUR VIDEOS. I AM LEARNING A GREAT DEAL AND AM SO HAPPY YOU ARE SHARING YOUR JOURNEY. I HAVE BEEN WATCHING AND STUDYING DIFFERENT VIDEOS ON THESE TOPICS. I AM READY TO STOP BEING AFRAID TO STEP OUT ON FAITH AND BEGIN. THE YEAR 2022 IS GOING TO BE MY YEAR TO FINALLY START PURSUING MY PASSION AND LOOK FORWARD TO NETWORKING WITH YOU ON SOME DEALS AS WE HAVE A LOT OF PROPERTIES THAT ARE GOLDEN EGGS.

[@johnjohnrn8655]

I love this. I just closed on a side-by-side triplex out of state so I’m preparing for my renovations with my property management company.

[@untamedwildhorse]

How did you manage the rehab from out of state? Any pointers when using a property manager to oversee rehab?

[@mrrobinson10]

Perfect timing with the video! I just applied for my 1st hard money loan yesterday and waiting to hear back. Question: when do you begin the monthly payments on the hard money loan?

[@mrrobinson10]

Also, love watching you grow!

[@johnwall6225]

Who you go through

[@maybeitslilimaybenot7401]

Depends on the lender, but that's a good question to ask when you first meet with them

[@drmahidhar1876]

You’re what you say you are. Learned a lot even in one just by sheer costs. Although way more into BRRRR and STR than flip. Thanks for the prop stream. Already monetizing page

[@ajathompson6331]

I love and appreciate the way you break things down!! I'm trying to figure out how to best jump in buying my 1st investment property and figuring out the best loan option has been my biggest hold up. Just put a few of the books you suggested in my Amazon cart and I'm ready to learn!!

[@stephvargas8829]

Hey Lili! Love your videos. Just started watching and I'm already learning so much. Question for you - after speaking with my lender he mentioned you have to wait 6 months to cash out refinance a home after closing. Does this apply to all purchases including wholesale? Essentially meaning I would need to take a hard money loan for 6 months for every BRRR project? Want to make sure I understand before jumping in! Thanks again for the great content.

[@hansenmarc]

So clearly explained! I love the way you compared several different methods. I’d been leery of hard money loans because of the typically higher interest rate. You showed me it can actually be a better deal than conventional loans. Thanks!

[@dianascott731]

Quick question - when starting out do you need to have a business name, number etc? Ty

[@lilethnelson9067]

Congrats on all your achievement your are like a steam train. Thanks so much for all your info I don't remember seeing it break down like this before.

[@jjonesfc25]

The commercial loan portion was surprising. Are these loan types through traditional banks? Where can I find a reputable one?

[@The_Real_Les]

She responded to another reply with this answer: "It’s usually just called a rehab to conventional or interest only to amortization, but ask 10 small local banks if they have something like that then ask their requirements based on your experience and available capital"

[@melodyn6419]

How to qualify for a commercial loan? New LLC without annual revenue qualify?

[@GregLewisdually]

Getting good contractors is or can be a real problem, especially when you live a small town and people don't want to travel.