All Forum Posts by: Antwoinne Campbell

Wow! Thank you to everyone with all the helpful advice. With everyone’s advice I can form another approach in accomplishing this matter. Thanks again everyone.

@Scott Morongell Thanks! I will definitely discuss this with a lender. Furthermore, when completing a cash-out refinance, this will be considered a second mortgage in the form of a line of equity?

@Chris Salerno thank you for your advice! I will definitely explore this option.

@Greg Dickerson thank you for your suggestions. So, you wouldn’t suggest using hard money for initial purchase, then refinancing into a conventional?

@Alina Trigub thank you for your response and I will explore this if available.

@Scott Morongell thank you for your assistance. For clarification you should using a hard money lender for the twenty-five percent down, then cash out refinancing into a conventional loan to pay off the hard money lender?

@Danny Randazzo thank you for your advice. But how what would be the benefit for each investor in relation to the monthly income or equity? I assume this would be difficult, and may not be appealing after expenses and mortgage are paid.

Greetings,

I have an interest in investing in multi-family properties; however, I do not have the capital required for a downpayment of twenty-five percent. I am debating using a hard money lender for the full purchase price or the twenty-five percent downpayment; then cash-out refinancing. I am looking for feedback with this method to start investing in multi-families. Should I use a hard money lender for the full purchase price or down payment, and refinance to repay the lender? Also, what is the process of working with a hard money lender, and what documentation should I provide to the lender when presenting the deal?

@Michelle Campbell Congratulates on choosing real estate. What are your plans with real estate? And what is your current status, in reference to what deals you are working on or have completed?

@Eric M. Sounds good, I’m definitely interested in the Atlanta area. Let’s stay connect and see how we can assist each other.