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Updated about 5 years ago on . Most recent reply

User Stats

9
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1
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Kamil Nicalek
  • Real Estate Agent
  • Sarasota Fl
1
Votes |
9
Posts

Funding for next property

Kamil Nicalek
  • Real Estate Agent
  • Sarasota Fl
Posted

Have a property in NY fully paid off. Appraised At around $400k.

Looking to find best possible solution on how to finance next fix and flip or multi family purchase.

What would be the best route to take for fix and flip ?

(My previous flips were Cash)

&

Best solution for Rental property.

I do have 20% saved for a downpayment*

Any advice would be amazing thank you guys!

Most Popular Reply

User Stats

15
Posts
2
Votes
Tim Catalano
  • Realtor
  • SE Indiana
2
Votes |
15
Posts
Tim Catalano
  • Realtor
  • SE Indiana
Replied

I would recommend pulling some cash out of your "fully paid off" home and using it to buy your next deal.  If you can find something that you can add value to, you can continue to the process by pulling money back out and re-investing.

  • Tim Catalano
  • Loading replies...