Sentences with phrase «profit as downpayment»

Rehabbing a house and then using the profit as downpayment for a rental property makes sense.

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.

Not exact matches

As much as I wanted to keep the townhouse and rent it out, we needed the money for the downpayment, and we weren't likely to clear much profit even if we were able to rent iAs much as I wanted to keep the townhouse and rent it out, we needed the money for the downpayment, and we weren't likely to clear much profit even if we were able to rent ias I wanted to keep the townhouse and rent it out, we needed the money for the downpayment, and we weren't likely to clear much profit even if we were able to rent it.

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.