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Updated about 8 years ago on . Most recent reply
How much capital should you have
How much capital should one have when starting out in REI in California? I tried searching previous discussion but could not find anything specific to California, and out real estate is crazy here :/
@Jay Hinrichs maybe you have some input.
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Jay Hinrichs
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- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
as a beginner you can count on having at least 20 to 30% of purchase price in cash and ALL of the rehab money needed plus reserves.. if you can demonstrate that. you will find Bay Area lenders to loan at about a 9 to 10% APR for one year and if you want referrals to said lenders happy to do it.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners