Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 07/01/2018

User Stats

216
Posts
57
Votes
Mark Smith
  • Schaghticoke, NY
57
Votes |
216
Posts

How do I pay back an investor?

Mark Smith
  • Schaghticoke, NY
Posted

I'm facing a bit of a dilemma:  I found a property that I would love to purchase, however I do not have the cash for a down payment.  I would like to find an investor who would cover the down payment, closing costs, etc.  How do I pay them back?  Do I try to refinance after a year to get cash out and pay them off?  I'm trying to think about how this would work since 1 year doesn't give much time to build up equity, especially enough that I would be able to refinance and get enough cash out to pay off an investor.  Has anyone done this and can offer come advice?  Or does anyone have a different strategy for me to consider?  Thanks!

Loading replies...