Innovative Strategies
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
Updated over 8 years ago on . Most recent reply

Funding strategies- how much cash vs. private funiding
I have just won a bid for a rental home for $385,000. I have a lot of cash, but believe getting private funding until I can refi is a good strategy. There are minimal repairs required so can rent it withing a week of purchase. Here are my questions:
- How much cash should I use? I could feasibly do 70%- but should I?
- How do I evaluate private lenders? Any recommendations?
- How long of a duration of loan should I take? I can refi in Feb, what is normal time range?
Thank you for advice