Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Deal ID'd and almost in motion, now to fund the down payment
I have found an off market deal and have been speaking with the owner about purchasing. We have agreed upon a price. The cashflow is ok, but it's in a market that I believe will appreciate more than usual in the next few years. I've spoken with a few people about funding the down payment.
If you were a private money lender, what would you suggest I do to attract you to my deal? I'm only asking for ~$15,000. So it's a relatively low risk deal. My plan would be to secure the deal, keep it rented and refinance it in the next year or two, and pay off the private loan.