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29 January 2025 | 3 replies
Even the funding alone is easier since you now have a cash flowing property that can help you fund your seed money faster.
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3 February 2025 | 5 replies
Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.
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23 January 2025 | 56 replies
Try COGO funding, as this is their funding...go straight to them maybe?
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28 January 2025 | 14 replies
They had exhibited the desire to pay down debt and had cashed out the parks before us that had agreed to owner finance.
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23 January 2025 | 16 replies
I have been investing mainly in trust deeds but like you got connected with Dave and just recently ended up investing in his fund, my primary reason was for diversification and because it is passive.
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29 January 2025 | 32 replies
First when I wanted to create a fund to buy court house steps..
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4 February 2025 | 3 replies
They generally have the recipe down and just need the deal funded if that makes sense?
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6 February 2025 | 2 replies
Hard Money finance, with about $5k of my own funds going into some over-budget costs.
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30 January 2025 | 6 replies
If you like to be risky with your capital maybe try putting it in some index funds, crypto, or stocks that you believe in and understand and then take it out when its made a good return and then use it for the downpayment.
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15 January 2025 | 5 replies
I wouldn't consider it a heavy negative unless the street is super tight and parking is hard to come by or if the street is very steep/busy.The more desirable dense city neighborhoods it's almost kind of expected and off street parking would be considered a luxury rather than a necessity.If you get out into the suburbs I would say it's more of a big deal since more rentals have off street parking or a garage there.