I would say B neighborhoods (Bridgeport) Bought in 13,14 and 15. We only made 1 purchase in 16 the prices are just crazy.
All deals had different financing deals. It all depends on guess on the deal.
My favorite...
20% Cash from Investor with preferred return amount of 6. Remaining amount from community bank.
This was for a full gut rehab. Once project was completed we re-financed and the investor got all his money out and he retained 40% equity. We have used this one 5 times. 3 times it worked and 2 times the property didnt appraise so the investor still has cash in the deal. So that kinda stinks as he has his 40% equity and 6% juice on the amount the re-fi didnt cover. So he is still happy, I guess that counts.
Most recent project was fun because we basically just took the cash flow from the other buildings, let it build up and then used that as the down payment for a new 6 flat we are closing on in March.
The first property I ever bought I used a business line of credit as the down payment.
There have been a few 1031 exchanges. Some where purchased from profits from a flip.
And yet others still my own personal money. But all with 80% LTV with a bank - Every property has good debit.
