OfflineHI
I am an active Real estate investor that has been buying and renting properties for about 10 years and 3 months. My strategy Has allways been buy properties cheap and rent them for long term appreciation. I currently have 21 properties bye my self and 11 properties in two differnt lllps. I am intersted in learning or finding another source of financing to contiue buying properties. I have been giving up half of the equity on the lllps and taking all of the headaches in order to continue buying. I have a perfect payment history and a 1.8 million dollar net worth but havent been able to find good long term financing. I currently have over 1 million on conventional financing and have gone over all of my convential lending guidelines. I have a great team in place and several relationships in place for finding and aquiring more properties just dont have the capital to do so. I would appreciate any and all advice and or imput. thanks bryan
GOOD CREDIT, GREAT NET WORTH, NEED HELP FINDING LONG TERM FINANCING
Posted on: Fri, 07/23/2010 - 18:21
GOOD CREDIT, GREAT NET WORTH, NEED HELP FINDING LONG TERM FINANCING
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- by BRYANWMITCHELL
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Hey Bryan
Any interest in selling any of your properties to lessen your debt to perhaps cheaper properties or just to give yourself more wiggle room to invest in the near future???
Where are your properties by the way???
I SOLD ONE OF MY PROPERTIES THAT I HAD PAID FOR TO ONE OF MY PARTNERSHIPS THAT REALLY HELPED WITH MY CASH FLOW. I HAVE OVER 10 MORTGAGES WITH BANKS AND 10 THAT WERE OWNER CARRY OR TAKE OVER LOAN SITUATIONS.
THANKS BRYAN
ALL OF MY PROPERTIES ARE IN SOUTHEASTERN IDAHO
SOUTH EASTERN IDAHO IS BLACKFOOT, IDAHO FALLS, POCATELLO AREA
BOISE IS SOUTHWESTERN AND MOSCOW IS NORTHERN IDAHO
Covering up a duplicate post. Don't know why that happens.