Updated over 6 years ago on . Most recent reply
Funding your first deal
What's the best way to fund your first deal without using your own money?
Most Popular Reply
I have never liked the thought of leveraging to the moon. When you are not putting your money on "investing" I feel that only scraps are left on the table. Maybe I am wrong about the whole concept. I never dug to deep on finding 100% financing. When I looked at the return on what I was getting vs the work put in I could not pull the trigger. Maybe I am to short sighted to see the big picture or I was thinking to small. (like $100,000 or $200,000 deals)
I wish you the best and if you find your way to 100% financing. Please send me a email and tell me about it. I would love to learn from you. Just FYI my goal is to make no less than 25% cashflow of the rent.
With that said. I would have pulled money out of my REFI and used it to buy a rental. I just REFI 3 of my properties and pulled money out to buy more properties. Also with the low 3.99% on a 20 yr. Plus I am cash flowing better.