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Updated over 2 years ago on . Most recent reply

User Stats

64
Posts
33
Votes
Felicia Richardson
  • New to Real Estate
  • Atlanta
33
Votes |
64
Posts

Financing My Next Purchase

Felicia Richardson
  • New to Real Estate
  • Atlanta
Posted

Hello! I closed two weeks ago, on a Duplex in East Point, GA near Greater Atlanta for $319k. My Property is Zoned, to add a Tiny Home, as well. I used NACA and it took me 7 Months, to get through the Program. I saved $25k, however I only spent around $3,800 in Closings Costs. I'm planning my next Investment, but I'm undecided on the Financing route, that I will take for the second one and beyond. Can anyone offer me, some solid advice and financing resources?

Most Popular Reply

User Stats

64
Posts
33
Votes
Felicia Richardson
  • New to Real Estate
  • Atlanta
33
Votes |
64
Posts
Felicia Richardson
  • New to Real Estate
  • Atlanta
Replied
Quote from @Matthew Von Dwingelo:

In my experience / my opinion the best financing source will be to bring on capital from a private lender. A friend or family member. Typically that's gonna allow you to get the most favorable terms in regards to loan terms like LTV, Loan term, etc.

If that's not a great route for you then I'd look into getting some Hard money. If you're looking for your next deal I'd love to connect & see if we can get you that next deal. We've got deals, hard money, and we can re-list for you for a 1% list commission. 


 Hey Matthew! Thanks for your valuable input. I'll definitely reach out, if I need your assistance. Pretty certain, I'm going the Hard Money route.

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