Most of us have often dreamed about real estate riches in investment real estate but don’t know how to go about it or even get started.

That’s where I can help. As an investor myself I know not only how it’s done, but the best ways to do it in order to make a profit.

One of the big stumbling blocks most investors face early on is; “Where in the world do I get the money to buy some investment property in the Knoxville area with?”

Here’s 10 ways to get you started thinking; there are lots more. Always remember this old real estate investor saying: “If the deal is good enough the money will come.”

  1. Get a HELOC. That simple stands for “Home Equity Line Of Credit” or borrow against the equity in your current home.
  2. Get a RHELOC. Same thing but against equity in a rental home, a “Rental Home Equity Line Of Credit.”
  3. Bank lines of credit. Small, community banks make these sorts of loans; don’t go to Bank of America, First Tennessee, or any of the large, chain banks.
  4. Buy property “subject to”, that is subject to any existing mortgage. Often sellers who need to sell will let you buy their house and assume their loan payments. Lenders don’t like this but they go along most time because they want the payments to continue instead of foreclosing.
  5. Your credit cards. Get a cash advance. Sure you may pay a high interest rate but if you can borrow the money to do a deal, pay it back, and still make a profit it really doesn’t matter what the interest rate is.
  6. Friends. Your friends often have money they would like to make more than banks are paying for CDs. If you can provide them a better return, secured by real estate they are open to listening to your proposals.
  7. Family members. Aunt Ruby or Uncle Elmer usually have a few dollars tucked away and they are not opposed to making more than the 2-3% they’re getting on their CDs if you can convince them it’s a safe bet.
  8. Private money lenders. Same as friends except you don’t usually know them beforehand. Find people like this at investment club meetings, newspaper ads, etc.
  9. Hard money lenders. Professional, private money lenders. Individuals who have money to loan you for your real estate investments. High rates and terms but again if you can make money who cares.
  10. Borrow against any other asset you may have, car, boat, coin collection, you name it, you can probably borrow money with it.
  11. Here’s a bonus way to make money in investment real estate. Be a “bird dog”. A bird dog is someone that finds a great deal but for whatever reason can’t or won’t follow through and buy it. You can still make money by tying up the property for a few days and sell the deal to another investor for a nice fee. No muss, no fuss on your part and you can still make a few thousand dollars for a few hours ‘work’.

So there are 10 ways to raise money for your Knoxville area real estate investment program. All you need to do now is call or email me, and let’s get started.

Visit my website, KnoxvilleMLS.com to get started picking out some Knoxville homes to add to your real estate investment portfolio.

Always remember: “If the deal is good enough, the money will come.”