Sentences with phrase «cash as a downpayment»
What they are essentially saying to the seller is that they are going to buy their property for 875k, but if the seller is willing to hold that note for 875k (or maybe less depending on if they also give the seller cash as a downpayment which could sweeten the deal) then with the interest paid over the term, they will effectively be netting a higher profit than 875k on the property because they also made money from the interest on loaning the money.
https://www.biggerpockets.com/ Not exact matches
The other closing costs (LTT, legal, etc.) are paid as cash, so the renter has the downpayment and closing costs to invest initially.
In the Northeast cities ie Boston, NYC, DC the amount put down as a downpayment is based upon attempting to positively cash flow.
«We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a downpayment,» Donovan said.
I would buy them individually, renovate them, build equity, have renters pay off part of the mortgage, save all cash flow and then sell them all and use the profits as a downpayment for a smaller apartment building ~ 24units.