Do you need a lot of equity in a property that you want to use as collateral to finance a deal? If so, how much equity do you need in the property to do the deal?
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Courtney,
First, define "a lot"
I think you need to put some real numbers to this question so you get some feedback,
How much equity do you have in existing property?
How was value derived to determine equity?
How will you sign over this equity to secure new deal?
what is your time frame for exit of the deal?
What are the benefits to the new investor to finance a deal with you...
Hi Alberto, thanks for your response. I will be attending that meeting.
Hi Courtney,
You are in luck! The next tristatemixer meeting is exactly on this topic. Consider attending:
http://www.tristatemixer.com/events/nyc-main-meeting-secrets-to-buy...