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Updated about 4 years ago on . Most recent reply

User Stats

36
Posts
12
Votes
Blaine Cox
  • Rental Property Investor
  • Lexington, KY
12
Votes |
36
Posts

Hard Money for a 10 unit rental purchase??

Blaine Cox
  • Rental Property Investor
  • Lexington, KY
Posted

A 10 unit deal is available for purchase from a wholesaler.  Obviously would need cash or hard money.  I’m not exactly sure how this would work utilizing hard money for a buy and hold.  If I were to use hard money to purchase this deal how would that work?  For flips I get it, they get their money back within a reasonable time.  With me wanting to purchase these units and maintain them, that’s where I get curious.  Thank you in advance for any responses.  

Most Popular Reply

User Stats

36
Posts
12
Votes
Blaine Cox
  • Rental Property Investor
  • Lexington, KY
12
Votes |
36
Posts
Blaine Cox
  • Rental Property Investor
  • Lexington, KY
Replied

Thank you for the replies!  I would be fine with putting money down.  As far as conventional financing I can speak with the wholesaler.  They mentioned cash or hard money.  I’m assuming to get paid quickly.....   

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