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10-27-2009, 03:13 AM #1
Renter
- Join Date
- Oct 2009
- Posts
- 2
Alternative Funding Sources
I am an owner of several high-cash-flow apartment buildings. Like many of us, I am faced with the problem of obtaining financing for purchasing new properties. Distressed properties are usually sold for cash, which greatly limits my ability to grow, given limited resources. Also, on the properties I already own, getting loans/mortgages is a “least of all evils” scenario. The debt often requires a personal guaranty, and it costs points, appraisal fees and high interest. Finally, LTV is limited.
I am working on an innovative alternative funding mechanism. This mechanism does not involve borrowing money or a liability to be repaid. Also, it allows you to get upfront 100% of the existing equity in the property.
In order to determine whether this funding mechanism is attractive to property owners, I have put together a questionnaire. The questionnaire is currently relevant only to owners of high-income-yielding triplexes, 4plexes or slightly larger residential rental properties.
If you would like to participate, please email me at mobilemonte@hotmail.com
100% privacy (no real need to identify yourself anyways)
Serious and property owners of high integrity only please.
Thanks



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