How To Increase Your Investment Capital?
Dear Group,
My question is with regards to increasing my investment capital? I understand that I can do the following:
1,000,000 = asking price
750,000 = Financed by bank
225,000 = Financed by Mezzanine lender
25,000 out of pocket investment plus closing costs.
These numbers are for a million dollar property, they would double with a 2 - 5 million dollar property. If my required out of pocket investment increases to 75,000 - 250,000: what are some creative ways to raise this capital? Seller taking back a note works, but in an active market like New York, there are tons of people paying cash and financing deals, thus taking back a note is not a "realistic" option.
Would really appreciate your comments...
Thanks,
Angel
well i never had the cahnce to do this yet, but i always thought i would be putting together a presentationa and then going to all the local RE clubs, local real estate agents, that might know of clients, and going tosome financial advisors, to find ppl that need to "diversify" thier portfolio into RE. well good luck
it seems that the 2 most popular ways are beg or borrow $$ from friends and families.
Setup some sort of joint venture thru and LLC, corp, TIC, etc.
Jeff,
Glad to meet you.
Submitt what you have by Clicking on Sales in the lower left hand corner . Att: Joel, he can tell you if you material fits in.
John $Cash$ Locke