Using Liability To Buy Fixer Up ?

johnstaley profile photo

i just finshed reading carlton sheets and am very motivated to find a fixer up to make a quick flip. i live in southern california near LA. i have two vehicals, total of 15k. how can i use these to get into an invesment property? confused is there anyone out there i can mentor

Comments(2)

  • beacon29th February, 2004

    if the behicles are paid off then you may be able to sell one and use that as capital for a purchase.

    If you still owe, you can try to refinance your loans at a lower rate to free up some extra spending money.

    You could go to the bank and get a loan using those cars as collateral.

    You can park one car permanently in a busy traffic area and put your real estate investing signs all over it for advertising.

    The list goes on and on.

  • beacon29th February, 2004

    if the behicles are paid off then you may be able to sell one and use that as capital for a purchase.

    If you still owe, you can try to refinance your loans at a lower rate to free up some extra spending money.

    You could go to the bank and get a loan using those cars as collateral.

    You can park one car permanently in a busy traffic area and put your real estate investing signs all over it for advertising.

    The list goes on and on.

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