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Updated almost 7 years ago on . Most recent reply
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How did you finance your latest rental purchases?
I'm working on a blog post about real estate financing, and I'm curious how people have financed their latest 1-2 rental purchases. I'd like to do a rough survey of what sources are used most.
So, can you tell me your type of loan, like:
- traditional mortgage types (FHA, VA, conventional)
- hard money
- commercial mortgage (like a portfolio loan or secondary market commercial)
- private money
- HELOC
- Seller financing
- Personal savings
If you did a BRRRR deal, you can list both the purchase and refinance source.
And if it was a traditional mortgage, hard money, or conventional mortgage - what company did you use to originate the loan?
Thanks for your help! I hope the answers are informative for everyone else who just happens to read this post as well.
Most Popular Reply
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I bought a group of 3 duplexes, and 2 single families on a no money down land contract. 8% interest.