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239
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LaMancha Sims
  • Lender
  • Atlanta, GA
41
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239
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Leveraging other people Money or Use your Money

LaMancha Sims
  • Lender
  • Atlanta, GA
Posted

When it comes to financing a deal, What's the best way to build a solid Real Estate portfolio for Retirement??



  • LaMancha Sims
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Sims Ventures.

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Jack Tulloch#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
586
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473
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Jack Tulloch#2 Mortgage Brokers & Lenders Contributor
  • Lender
  • Austin, TX
Replied

I think leveraging others money is the best way to build your portfolio. You can scale much quicker because your buying power increases significantly. For example, if you have $1,000,000 in cash, you can buy one home worth $1,000,000 or buy four houses by putting $200,000 down on each. This of course does not factor in closing costs but the idea is pretty simple. 

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