All Forum Posts by: Vivian Nicastro

Partnering/JV'ing, or maybe getting lucky on a cash buy of a duplex in a rural area where you have a trusted property manager, or investing $50k as an LP in an apartment syndication and seeing about lending the $10k for a promissory note.

can you find a bank that would give you a loan to cost or loan to ARV on a BRRR deal and cross collateralize your 60,000 for the downpayment on the new property? I like this for a couple reasons. you can get into something bigger than a really cheap cash BRRR if 60,0000 becomes your downpayment instead of full purchase price. I like cross collateralizing for the fact that you wont need to be paying interest on the cash you used for the downpayment and fees should be less as well.

I guess I want to ask. Are you focused on that next property being in Nashville? If so I can see the challenge on what to do with $60k. Are you open to OOS or even out of town? I feel like you have a good amount of money and if your specific market was more affordable it could go further. 

Besides that my suggestion is always creative finance. If a good brrrr was available to you likely the hard money lender could finance 90-100% of acquisition price and possibly some of the rehab and most of your $60k is still in your pocket. This is part of the “Rich Dad Poor Dad” voice in my head talking here, but whenever we only focus on down payments and such we often miss out on seeing other possibilities. That’s why sometimes a success story has one person who was almost broke but grew and someone else sitting on a lot of cash doesn’t scale. 

Now I get brrrr’s, flips etc don’t often come up but when they do I’m just saying the answer to your question might be with even more leverage and leverage that is managed wisely and intelligently, of course. 

Best wishes to you on your journey!