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Updated almost 8 years ago on . Most recent reply
Need a creative way to add funds to a downpayment
I own a couple of rentals and have a > $1M net worth.
Probably 60% of that NW is in retirement funds with the other 40% being in cash, brokerage accounts, equity in properties (approximately $100k in equity).
I have come across hat I believe is a GREAT deal that will require an approximate $250,000 down payment.
I can easily come up with the $100k, but the final $150k would require i sell some stock that I'd rather not sell at this time. I could pay back the other $150k in < 24 months pretty easily.
Are there any options out there to get to the final $250k to acquire this multiple property deal?