5 Ways to Finance Your Rental Property!
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- Опубліковано 10 лип 2024
- 5 Ways To Finance Your Rental Property!
Purchasing your first rental property can be exciting, rewarding, and daunting all at the same time!
The simplest way to purchase a rental property is all cash using your own capital! If you have the money, it is a great way to finance a rental property because the risk to cover any loans or payments is non-existent.
But with using cash, you are missing out on the advantages of leveraging. When you are not leveraging (using other people’s money to finance your rental property), your return on investment, cash on cash return, etc., are somewhat diminished.
#1 Conventional Investment Loan - typically requires 15% - 30% down
#2 Home Equity - Borrowing against home equity allows you to borrow up to 80% of your equity in your home at its current market value.
#3 Hard Money - typically used for short term loans - not geared for buy and hold investments
#4 Private Money - more relationship-based type of financing.
#5 Owner Financing - the property’s owner will finance the sale of the investment property.
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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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Man, you should keep pushing with new videos. Your channel can become the most consice and relevant on youtube, as far as I have seen.
You should definitely be on tiktok, you have a lot of good quality information
This is why it’s good to rewatch videos over I was over thinking buying the house I wanted first private and hard money is lit 🔥
Great content! I definitely plan to look into the options you talked about.
Just discovered your channel. Awesome info and content. ✅ new follower
Keep it coming!
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Great videos Brian! Some lenders will also let you borrow money against your 401k or stock accounts. Looking into the BRRRR strategy for my first deal.
Exactly! Let me know how your deal goes! Should be finalizing a deal to close on 3 units end of the month!
I was watching one of your videos and I was interested in establishing a business to cut down my tax bills. I have been day trading for the past months and I have incurred some losses. I will like to talk to you on a one on one basic
Hi Brian, I am trying to reach out to you regarding my day trading taxes. No response to my email I sent to the one listed on your website.
Email inbox has gone mad 😅... working through them as best I can during peak tax season!
@@BrianRiveraCPA Thanks. I have already sent you an email. I look forward to hearing from you soon.