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26 January 2025 | 15 replies
Here are a few strategies to consider for funding a down payment:Partnering: Like Gregory mentioned, finding a partner who can contribute to the down payment in exchange for equity or a profit share is a solid option.HELOC or Cash-Out Refi: If you have equity in your home or another property, a home equity line of credit (HELOC) or cash-out refinance can provide the funds you need.Private Money: Reach out to friends, family, or private investors who may be interested in lending you the down payment with a promissory note.Seller Second: In some cases, the seller might agree to finance a portion of the down payment as a second mortgage.Live Frugally and Save: It takes time, but reducing expenses and setting aside funds from your income is a tried-and-true method.The right approach depends on your situation and deal structure, but a mix of creativity and resourcefulness can go a long way.
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12 January 2025 | 1 reply
The interface is user-friendly, and the reporting tools are especially helpful for tracking property performance.One downside is that it can be a bit pricey for smaller portfolios, but the features have been worth it for me.
9 January 2025 | 4 replies
In this case, you would draft an operating agreement that specifies each partner's role—your friend providing the cash and you handling the rehab and management—and that profits and ownership are split evenly.
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10 January 2025 | 2 replies
They are investor friendly and popular amongst wholesalers.
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12 January 2025 | 8 replies
The fear of renting while out of town is common, but it's easy to overcome, especially when you have friends and a handyman.
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25 January 2025 | 29 replies
I do not sell my model but I have a friend in the business who offers a much better model than Michael Blanks in my opinion.
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30 December 2024 | 0 replies
Hello I'm looking for a good investor title company and/or real estate attorney in the Sarasota area if anyone can recommend someone they have used. Must be able to handle all typical investor transactions (assignmen...
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15 January 2025 | 24 replies
I have friends who bought in Texas, Chicago, Minnesota and Tennessee so I've been watching those markets.
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17 January 2025 | 6 replies
A warranty can bring peace of mind, especially if the tenant values quality and reliability.Here’s our rule of thumb:For budget-friendly rehabs: Used appliances from a reputable source can be a smart choice.