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Updated over 5 years ago on . Most recent reply
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Survey - Who's funding your deals?
Just want to get a consensus on how deals are being funded, & which part of the deal? My personal friend will be funding 80% of the cost of my first property. I'll be funding 20% plus any improvements.
Are you guys using conventional loans? Working with friends/relatives? Maybe an investor you recently met? Have you established a syndication? Which portion of the costs are you paying? What about them?
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- Rental Property Investor
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Originally posted by @Jerry Cima:
Just want to get a consensus on how deals are being funded, & which part of the deal? My personal friend will be funding 80% of the cost of my first property. I'll be funding 20% plus any improvements.
Are you guys using conventional loans? Working with friends/relatives? Maybe an investor you recently met? Have you established a syndication? Which portion of the costs are you paying? What about them?
All properties funded using conventional loans and down payments have been a mix of using a HELOC from my primary on some and saving the down payments on others.