Four Ways to Fund a Career in Property Development

When launching yourself into a career in property and real estate development, having funds behind you is almost always necessary. Starting with absolutely nothing in such an industry can be a thankless task, and the importance of an initial financial grounding is high. The source of this grounding could be anything, from personal savings to a specific loan.

Whichever of the below methods you choose, be aware that entering the real estate sector will require a willingness to work long hours and dedicate large amounts of effort to the cause. If you’re willing to do this, read on to work out which is the best way to get started.


For those a little older who have a good number of years working in another profession behind them, savings could be drawn upon to get started in real estate. This is a privileged position to be in, as many Americans do not have enough squirreled away for such a career change. 

If you do, however, drawing on your savings is a useful starting point. The satisfaction gained from putting your life’s savings into a brand new career or project will be huge, and you’ll be set to reap the benefits.

Hard Money Loans

Real estate investors without huge savings – most American citizens – could find hard money loans to be the best route. Finding a hard money lender who knows the real estate market, can lend for both new constructions and fix-and-flip projects and who understands your particular situation is key. 

These short-term loans will give you the financial backing required to take your first steps on the property ladder. From here, there is no limit to how high you could go in the industry.

Business Partners

Knowing how to network and how to find and stick with an experienced and influential business partner is a critical skill for anybody who needs help entering a new field of work. With a business partner, you could still use a hard money loan, but you will have the added financial stability of an extra person’s savings. 

The shared knowledge that comes from working alongside a business partner will also help when it comes to the actual project management and selling on your properties. Knowing the habits and attributes of a good property manager will help you greatly, but finding a partner who has such traits already is a quick route to success.

Work While Developing

The final option – which again can be combined with taking out a loan – is to continue working alongside your developments. 

If possible, working full-time while renovating and then selling properties for your portfolio in your spare time is a top way of ensuring your finances stay healthy throughout the transition into becoming a professional real estate investor. In order to do this, it could be wise to start with small, manageable properties that will not take too long to fix and flip. 

This way, you will get a quick return on investment and can take more breaks between builds if necessary.