How long did it take you to leverage an asset? How long after buying a property for cash, were you given the option to…
How long did it take you to leverage a property?
How long after buying a cash asset have you been given the option to take out a loan against the asset for the purpose of investing in another asset?
And what would you do differently / the same in the process?
I have properties on my behalf without llc Can I get financing? What should be the value of the assets to get financing as a foreign private investor?
10 months.
Multi-family we bought and praised.
We reached 95% occupancy and made a mortgage for 30 a year
Up to six months you will receive a loan at the purchase price (sometimes plus a refurb if you did). After at least six months you can apply for a loan based on the value of the property in the market and not the purchase price so that they bought cheaply you can spend more of the fund. The loan application process usually takes 3-4 months so you look at a story of about a year, a year and a half
Interesting… .following
Do you have leverage in the US? I leveraged a property after completing a major renovation..took about a year..then I purchased. 2 rental properties in part of the leverage
Excellent question, also follows
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