Using OPM to purchase

[Justin Young]

Iv done a deal were an investor loaned me the down payment to buy a rent house and the bank loaned me the rest to purchase the house. We had a promissory note made by my lawyer for me and the investor. He then took that note and put a lien on the house until I pay the loan back. So I got to buy a house with no money out of pocket. I'm wanting to do this a lot more next year. I was just wondering if anyone had a better way to do purchases like this or this is pretty solid? Thanks.

[Sue Haan]

as soon as you have some equity, do a cash out refi. pay the investor back or reuse that money. maybe the investor will give you more next time.