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Chad Carson
  • Investor
  • Clemson, SC
156
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179
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How did you finance your latest rental purchases?

Chad Carson
  • Investor
  • Clemson, SC
Posted

I'm working on a blog post about real estate financing, and I'm curious how people have financed their latest 1-2 rental purchases. I'd like to do a rough survey of what sources are used most. 

So, can you tell me your type of loan, like:

  • traditional mortgage types (FHA, VA, conventional)
  • hard money
  • commercial mortgage (like a portfolio loan or secondary market commercial)
  • private money
  • HELOC
  • Seller financing
  • Personal savings

If you did a BRRRR deal, you can list both the purchase and refinance source.

And if it was a traditional mortgage, hard money, or conventional mortgage - what company did you use to originate the loan?

Thanks for your help! I hope the answers are informative for everyone else who just happens to read this post as well.

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423
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Kevin Manz
  • HVAC Tech
  • Fort Wayne, IN
223
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423
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Kevin Manz
  • HVAC Tech
  • Fort Wayne, IN
Replied
I bought a group of 3 duplexes, and 2 single families on a no money down land contract. 8% interest.

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