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Updated almost 4 years ago, 02/20/2021
Using one Triple Net property to finance another
Hello,
I've recently become interested in the NNN space due to its inherent scalability, but was wondering how someone can buy multiple properties before running out of sown payment money? Can you use the equity build-up due to loan pay-down as collateral for another NNN deal? Also interested in zero cash flow deals, since they apparently require less down pmt/higher leverage/quicker payoff in exchange for the immediate cash flow that could be saved up for another down payment.
Also, if anyone has experience with NNN, what kind of down pmts are banks typically looking for (both standard and ZCF deals)? I listened to both the Matt Onofrio and Joel Owens podcasts, and they seem to have very different ideas on what are realistic bank-required down payments in this space...
Thoughts?