Updated over 9 years ago on . Most recent reply
100% Financing no income
Has anyone ever started out with any strategy on credit only? This is not part of my plan but has it worked for you? I know cash flow is the most important thing when 100% financed. What are some other numbers I need to keep track of to make sure an investor doesnt go under?
Most Popular Reply
I think it's important to know your exit strategy before you get involved with the project. For example, if you're planning on keeping the property, you can refinance it with a bank and repay the line of credit once construction is complete. It would be prudent to speak with local banks to make sure you can accomplish your goals before you get locked into the property



