Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 17 years ago, 12/26/2007
Need some funding advice
I have a Sub-2 deal that requires a lot of upfront money to get into. I have the captial however, I don't want to tie all of my money up in this one deal. The deal is worth while with at least $80k of equity. $30k to seller, $7500 for transfer taxes/settlement fees, assignment fee 17.5k, approx 12k on fix up. PITI is $1450 per month and rent for the area is about $1800. My question is what are some of the option due I have to come up with at least a portion of the money without tapping my well dry.
Thanks,
Antwan