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All Forum Posts by: Matthew Ray

Matthew Ray has started 10 posts and replied 19 times.

Post: How to structure private money for brrrr?

Matthew RayPosted
  • Hanover, PA
  • Posts 28
  • Votes 2

The property had some initial equity at asking price.  And I'd only offer below asking price. So I  guess if l get into the deal with enough initial equity to refinance in six months to pay the private money loan.  That well solve my problem.  Except if the refinance then eats my cash flow. Then trays a bad deal.  

Post: How to structure private money for brrrr?

Matthew RayPosted
  • Hanover, PA
  • Posts 28
  • Votes 2

great advice all. Keep it coming 

Post: How to structure private money for brrrr?

Matthew RayPosted
  • Hanover, PA
  • Posts 28
  • Votes 2

how do they get paid if my cash flow isn't affected?  I'm only borrowing a down payment for a conventional loan.  

Post: How to structure private money for brrrr?

Matthew RayPosted
  • Hanover, PA
  • Posts 28
  • Votes 2

I'm looking to acquire a turnkey property.  The cash flow is about 500. However I don't have enough for the down payment. If I borrow private money for the down payment, how do I structure it so that I can still have immediate cash flow but return them their 8-12%?

Post: Hard money to buy and hold?

Matthew RayPosted
  • Hanover, PA
  • Posts 28
  • Votes 2

If I wanted to buy and hold for passive income, how would I structure a deal with hard money lenders to do so?

Post: Solid Wholesaling contingencies

Matthew RayPosted
  • Hanover, PA
  • Posts 28
  • Votes 2

What are some solid contingencies to input to my contracts that will limit my risk when only wholesaling?

Once a subject to deal is made, and I take over financing, can I refinance the existing mortgage?

Post: How to buy a foreclosure?

Matthew RayPosted
  • Hanover, PA
  • Posts 28
  • Votes 2

This uncomplicates the process. I was under the impression that because a home said foreclosure on the MLS that it would be an auction. Very useful information. Thank you

Post: How to buy a foreclosure?

Matthew RayPosted
  • Hanover, PA
  • Posts 28
  • Votes 2

I am seeing a lot of foreclosures in my area and I'm interested in how to buy these properties at the discounted rates. Are they cash only offers directly to the banks? Can I get traditional loans to do so? how do I find any liens against these properties?

Thanks in advance!