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Updated over 4 years ago on . Most recent reply

Ashley Benoit's profile image
Ashley Benoit's profile image
Ashley Benoit
  • from Brooklyn, NY
  • Member since Jul 27, 2015
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Ashley Benoit's profile image
Ashley Benoit's profile image
Ashley Benoit
  • from Brooklyn, NY
  • Member since Jul 27, 2015
Connect
Ashley Benoit
  • Brooklyn, NY
1
Votes |
3
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Starting Out

Advice for first rental

Ashley Benoit
  • Brooklyn, NY
Posted

I'm looking into purchasing my first rental property. I'd like to use hard or private money in order to do this. I'm seeing a lot of information about using the money lended to you to pay for the house cash and then do a cash out refinance to pay it back. But is it possible to use the hard/private money just for the down payment? If so, would paying that back be the same process?

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