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Updated over 5 years ago on . Most recent reply

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25
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Jerry Cima
  • Putnam County, NY
5
Votes |
25
Posts

Survey - Who's funding your deals?

Jerry Cima
  • Putnam County, NY
Posted

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?

Most Popular Reply

User Stats

434
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494
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Jason G.
#5 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Long Island, NY
494
Votes |
434
Posts
Jason G.
#5 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • Long Island, NY
Replied
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.

  • Jason G.
  • Loading replies...