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re: If you had 500k to invest in the real estate market..
Posted on 6/20/18 at 10:49 am to stevengtiger
Posted on 6/20/18 at 10:49 am to stevengtiger
quote:
You can do what we are doing with $80K line of credit, one at a time.
well if i have that much it will be by a hair. i have a 30k unsecured at one bank and just got approved by another bank for 50k unsecured but still waiting for it to close so it COULD be less although i was approved. turned down all HELOC offers. was not interested even though I am sure my HELOC would be at least 100k if not more I just do not like using those for investments. who knows may have to get one eventually.
however i am using my solo 401k to most probably do the apartments. double team it from non taxable(for now anyways until i hit 59.5) and taxable side.
Posted on 6/20/18 at 10:53 am to Fat Bastard
quote:
who knows may have to get one eventually.
It has definitely made our deals pretty easy. You could definitely do flips with less than $80K in the mobile home niche but we do our rehabs pretty top notch.
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