Updated over 7 years ago on . Most recent reply
How are you getting your cash for down payments?
How are you raising cash for a 25-30% down payment to get to the LTV of 70-75%? I am new to financing my properties through any other way than conventional financing and I have all my cash tied up in down payments on properties. I buy and hold typically. I need 30% for a new property and I don't know how to get it. Any tips you can provide would be helpful. Am I doing this all wrong?
Most Popular Reply
#5 All Forums Contributor
- Plymouth, MI
From flipping the same cash over and over...and making new friends (profits) every time. I only needed one new cash, the rest is reusing the same cash over and over...and making friends with each use.
Whatever market you are in, all you should need is one set of cash for the first deal. After that, you should be using the same cash over and over. Cash should never be the problem...unless you're spending your seed money.