What would you do if you had great credit and $$$? - Posted by Randy

Real Estate Investing
1

Posted by Bill Bronchick on October 21, 2003 at 16:20:07:

The strategy is the same…

  1. Conserve your cash for important things, like a rainy day, a major league discount in price and/or a deal where you can recoup your cash quickly

  2. Do deals that make sense, no matter what your financial situation - don’t work on thin margins because you have the means to cover a bad deal

  3. Try not to get bank loans unless the deal is unbelievable and you cannot get financing at a low interest rate in any other way

2

What would you do if you had great credit and $$$? - Posted by Randy

Posted by Randy on October 21, 2003 at 16:05:00:

What would you do if you had great credit and a decent amount of money to work with? What’s the best way to get started in these circumstances?

I don’t want to mess up the good situation I have here, so I was looking for some advice on how to get started. Any good ideas? Thanks!

3

Re: What would you do with great credit and $$$? - Posted by jasonrei

Posted by jasonrei on October 22, 2003 at 11:25:40:

I’d do rehabs. I’d use LOC, private, and HML money as needed, but phase out HML. I’d get longer-term loans on good multis.

4

: What would you do if you had great credit and $ - Posted by Jack

Posted by Jack on October 21, 2003 at 21:39:35:

Depends on what you mean by a decent amount of money.