What’s more important - deals or cash?
Hello all,
I’ve been doing some research into creative financing and I have a couple questions.
My story is my wife and I are saving up for our first house but I’m also wanting to get my first rental property so I can start generating cash flow to fund more rentals and build a solid portfolio.
For my first rental, I’m open to bringing on an investor (and probably need to for my first one) but I’m not sure what’s going to be the best course of action. Is it better to bring some cash to a deal or is a great deal the most important item when approaching investors for funding? Essentially I don’t want to waste an investors time.
The other question is do I just buy the primary residence with my wife and then use the equity from that to fund my first rental? Obviously this would take more time and this option isn’t ideal as l for me time wise.