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Updated over 8 years ago,

User Stats

65
Posts
1
Votes
Rodney Dixon
  • Tampa, FL
1
Votes |
65
Posts

Making it happen...how???

Rodney Dixon
  • Tampa, FL
Posted

Before I go on my voyage of doing a few deals and then working my up to other facets in RE, I need to know some strategies that will allow me to successfully get into long term buy&hold deals if I have (1)a HML who will fund my deal at 65% of the purchase price and a willing seller that will carry back the remaining 35% in order to close the deal in 5 days?

My exit strategy is refi 12 mos later, payoff HML, continue to pay on seller 2nd for 5-7 yrs, do another refi and cashout seller and then I work towards paying off the long term mortgage.

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