yes O'neil...ck with robert leonard on this site...hes investor in baton rouge
@O'Neil....if u dont mind sharing knowledge...what was your strategy on acquiring your 7 units
Sorry for the late response, there’s many creative ways to get deals done. But for my first deal I finance 80% of the purchase price from a local bank. And owner financed the 20% of the purchase price. So I brought the house with out a dollar out of my pocket. And I received a 22$ check at closing. My numbers on the deal was purchased price was 56k appraised value was 73k. I put 5k into the property. And got it reappraised 6 months later it appraised at 100k. Then I got a line of credit on all the equity I had in the house. And now I use the line of credit for my rehabs.
Thanks for asking.
And I learned that from Mr. @Brandon Johnson !!
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