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Updated about 8 years ago on . Most recent reply

User Stats

264
Posts
104
Votes
Jim Sestito
  • Investor
  • Cambridge, MA
104
Votes |
264
Posts

You found an awesome deal, now what.....

Jim Sestito
  • Investor
  • Cambridge, MA
Posted

OK You found the deal - commercial 10 unit property - Safe estimate $100 cash flow per door after all expenses/P&I

You found a bank to lend 80% of purchase price.

Now you need 20% down payment.  DO YOU.....

Drain 65% of you savings, stock options to make this happen.?

Found raise for private money?

Other (what is your other)?

Lets hear the strategies!  

Most Popular Reply

User Stats

1,293
Posts
1,314
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Josh C.
  • Property Manager
  • Indianapolis, IN
1,314
Votes |
1,293
Posts
Josh C.
  • Property Manager
  • Indianapolis, IN
Replied

Since you have savings I assume you have the ability to save. Don't be afraid of down payments. I try to brrr as often as possible, but sometimes you need to put 25% down on a good property. I constantly drain my saving to buy properties. Then save for 6 months and do it again.

  • Josh C.
  • Loading replies...