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24 February 2025 | 0 replies
Would it be possible to take my $100,000 liquid cash and their equity and go to a lender and get some sort of funding for the rehab?
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20 February 2025 | 1 reply
I have decent liquid assets but they would take a huge hit dropping 10-20 percent on a 2 million + loan.
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18 February 2025 | 9 replies
Thanks everyone.Annual T4 income: 250K380K in liquid investments.Principle property est. valued at 670K with 250k left owing and 155K heloc attached.Rental 1: purchased 2021 for 220K current est. value at 270K was a house hack with 5% down and $1600 monthly rental income.Rental 2: purchased 2022 for 280K 20% down current est. value 345K rental is $2000 monthly Rental 3: purchased 2023 for 267K with 20% current est value 310K rents for 2100 a month.
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10 February 2025 | 7 replies
I have enough liquid money for the down payment for the hard money lender, but that'll leave me with zero cash for closing costs, realtor fees, etc.
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11 February 2025 | 167 replies
My issue with that is I would have to liquidate before I would like to.
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20 February 2025 | 2 replies
You should also request a personal financial statement to better understand their financial health and proof of funds to confirm they have the liquidity for down payments and closing costs.
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23 February 2025 | 246 replies
I have no desire to be part of any lawsuit or liquidation event.
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19 February 2025 | 7 replies
This is a great way to build experience and get some quality rental properties under you while keeping your liquidity up to go find additional properties.
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19 February 2025 | 3 replies
I put roughly 20% down on a $200k home, and am curious what steps I could take to possibly turn my original investment into a large portfolio within the next 10 years, when we're currently "low on liquid funds" after finishing up a wedding....
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19 February 2025 | 6 replies
Lenders typically look for experience, liquidity, and a solid track record when funding new construction projects.