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Updated about 4 years ago on . Most recent reply
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Hard Money for a 10 unit rental purchase??
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.
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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.....