All Forum Posts by: Pat McGinnis

I have an opportunity to purchase a cash flowing business that has a property component. It is going to be a competitive process and think waiting for SBA will not be fast enough to win the bid. I'm looking for faster alternatives. Anyone have experience where I could find a trusted source of funding? The deal is for $2.5m for Business and $2.6 for Real Estate.  The SDE 3 year average is $747. I have 780 credit. Any help would be appreciated. 

Thanks! and yes Go Cocks! It is a USC rental. I'll check with the AC company. Appreciate the response. 

I have a unit where the air conditioning is out and it is extremely hot. Parts required and it will be a week to get fixed. May be a silly question and I'm a new landlord and was wondering what if anything I should do for them in the interim while we wait for the parts to repair the unit. 

Patrick,

Thanks for the response. I was planning on funding the 25% down payment on the single-family rental purchase with a HELOC from my primary residence. I just want to see what options I might have to help me scale with this being my first property. I have found a few interesting opportunities and want to make sure I create the best foundation to build my portfolio.

Pat

I'm looking to do my first (hopefully of many) long term single-family home rental deal. Right now I'm planning to do a HELOC and wondering if it is the best way to go. How can I explore legitimate Private Money to help start and scale my rental portfolio.