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All Forum Posts by: Ashley Benoit

Ashley Benoit has started 1 posts and replied 3 times.

Post: Advice for first rental

Ashley BenoitPosted
  • Brooklyn, NY
  • Posts 3
  • Votes 1

@Timothy Frazier Thanks, will do. I have a potential property, with renovation already being started but still needs a little work. Seller is holding firm at a number just trying to make sure the numbers make sense and figure out how to finance the deal before moving forward.

Post: Advice for first rental

Ashley BenoitPosted
  • Brooklyn, NY
  • Posts 3
  • Votes 1

@Benjamin Seibert Thanks for the insight. Going to keep doing my research first to make sure it's a good deal then.

Post: Advice for first rental

Ashley BenoitPosted
  • Brooklyn, NY
  • Posts 3
  • Votes 1

I'm looking into purchasing my first rental property. I'd like to use hard or private money in order to do this. I'm seeing a lot of information about using the money lended to you to pay for the house cash and then do a cash out refinance to pay it back. But is it possible to use the hard/private money just for the down payment? If so, would paying that back be the same process?