All Forum Posts by: Ludovic Ott

Hello,

So it looks like the best way is to buy foreclosure properties that are below market value in order to get my down payment back?

Hello,

I just bought a condo for $195,000, put 20% down and got a loan for the remaining. From what I could read on BP, it seems like I could refinance my loan and get my down payment back. How can I do this? What are the prerequisites? 

According to me it seems almost too good to be true. If I get my down payment back, I can then re-invest in another property and repeat the same process over and over. It would be great!

Thank you.

Thanks again for all the information! I registered to be part of my local REIA.

@Tom S. so do you mean you can have up to 10 loans simultaneously? It would be nice, but how do you manage to have enough money for all those down payments?

Ok great. Thanks for the hint. I just joined a local REIA group. We will see how that goes!

Hello,

I am new on the BP website. My wife and I started a rental property business in Hilton Head, SC earlier this year. Now we are looking to expand, as our first condo is renting really good.

In order for us to make our next investment, we are looking for private capital, but we are not sure where to start. Could you please share with us the best way to connect with Private lenders?

Thanks.