Posted by Nick on July 16, 2001 at 16:59:58:
Well pulling out the whole 100,000 is beyond me. However, 3330,000*20%=$66,000 you could take back in a second and then the corp could finance 80% of 330,000=264,000 - 230,000 you have finance would let you pull out 34,000 and have a nice cashflow. Hope it helps. You didn’t say if the corp could get financed or not.
newbie needs suggestions - Posted by purcyc(ny)
Posted by purcyc(ny) on July 16, 2001 at 15:00:12:
hello to all,need help. I have a building under contract for 230,000 title works done and appraisal done, building appraised for 330,000. what’s the problem you say, well here it is. how do i pull out the 100,000 while flipping to a new corp which has no money for a down payment?