how did you fund your 2nd deal
now that I have my first deal under my belt (I like buy and holds) and having spent all disposable reserves on said deal, I am now researching a second deal and I am worried that it may take me a while to save up to do a similarly structured deal as my first (25% down with a conventional loan).
So how did you all fund your 2nd deal? How long was it after your 1st?
I tend to be more conservative, I like the idea of having a few properties free and clear rather than a bunch of properties highly leveraged. So I may be forced to wait quite some time.....
Most Popular Reply
If you happen to come across someone you know and trust as a partner, do the deal with them. I was hesitant to do my first deal a couple years ago unless I had someone taking a leap of faith with me, and it was the best decision I've made (seven units later).
50% of something is better than 0% of nothing :)