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Updated about 8 years ago on . Most recent reply

User Stats

41
Posts
8
Votes
Zachary Feldman
  • Investor
  • New York City, NY
8
Votes |
41
Posts

Money Lenders Upstate NY

Zachary Feldman
  • Investor
  • New York City, NY
Posted

Hello,

I have done 17 real estate acquisitions to date on small 2-6 family units throughout the NorthEast. I am planning on replicating this strategy in a new, more tertiary market. I am currently dont have the cash to purchase my next target but am hoping to get feedback on finding equity lenders on this type of a deal. The asset's cash flow more than covers debt service and private money interest payment. I am looking to borrow 50K at a 6%-8% interest rate and am planning to not take out any money with projections to pay back interest and principle in full within four years. Any suggestions on how to find these type of lenders or structure this differently. All feedback is appreciated.

Best,

ZF

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