How does the funding work?
Hey guys.
I'm developing my overall business plan and have a few questions. I've been reading these posts here for a while. I see a lot of good info. I do however find myself missing something though. I'm in the process of finding my first buy and hold. I'm interested in doing a partial cash out refi when in 6 Months-2 years (depending on market).
If I want to buy another property before the cash out refi...what are the options for getting funds?
Being in England and buying in CA I can't really see Birdogging/wholesaling as viable. your thoughts?
Are HMLs my only option? How did you 'buy and hold' types find additional funds as solo investors?
I was thinking HML for a fix and flip, then buy a rental? As I'm no moneybags, I can't get my head around where the money for the second, third, fourth properties will come from with my income tied up in the buy and hold.
Can anyone help me bridge the gap (in my head)?
Thanks for entertaining the Newb questions....
Gary