Updated almost 10 years ago on . Most recent reply
All cash purchase
Hey BP! Hope everyone is doing great with their real estate business. I was curious as to how can an investor pay cash for a property. What are the alternatives as to the misconception of using hard cash? All advice and answers are highly appreciated!
Most Popular Reply
I am not sure I understand your question.
If you have cash you can just buy a property.
If you don't have cash you need some type of financing. You can get financing fro banks and traditional lenders, Hard money lenders (high % rate loan based on the asset more than your credit), private lenders (friends family or associates), or owner financing (simply pay the owner over time).
Generally you are going to need at least some cash if you use financing. It is very tough to get 100% financing.