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Updated over 2 years ago on . Most recent reply

Verlane Phizema's profile image
Verlane Phizema's profile image
Verlane Phizema
  • Real Estate Agent
  • from Palm Beach, FL
  • Member since Aug 29, 2017
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Verlane Phizema's profile image
Verlane Phizema's profile image
Verlane Phizema
  • Real Estate Agent
  • from Palm Beach, FL
  • Member since Aug 29, 2017
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Verlane Phizema
  • Real Estate Agent
  • Palm Beach, FL
1
Votes |
16
Posts
Creative Real Estate Financing

Creative Financing needed

Verlane Phizema
  • Real Estate Agent
  • Palm Beach, FL
Posted

Hello everyone, I have this silly idea that I can pay off my rental in 4-5 years . Purchased in 2019 for $110k, now worth $280k. I would get a simple interest loan to pay and demolish it to build a duplex or a fourplex. Land is a few feet shy of 10000 square feet. 

Fort Lauderdale, Florida
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Pego Jean-Paul's profile image
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Pego Jean-Paul
  • Real Estate Agent
  • from Norwalk, CT
  • Member since Jan 14, 2021
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Pego Jean-Paul's profile image
Pego Jean-Paul's profile image
Pego Jean-Paul
  • Real Estate Agent
  • from Norwalk, CT
  • Member since Jan 14, 2021
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Pego Jean-Paul
  • Real Estate Agent
  • Norwalk, CT
7
Votes |
22
Posts
Pego Jean-Paul
  • Real Estate Agent
  • Norwalk, CT
Replied

Is the goal to buy a multifamily unit? Why not just tap in the equity and buy a multifamily unit? The project sounds fun and you would learn alot but if there is a quicker way try that.

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