19d • General discussion
PadSplit
Hey Fellow Learners: Let me introduce you to an asset called PadSplit. One of the new and exciting alternatives to renting a whole home is renting a single rooms out of the unit. If you have a 4 bedroom house just go to PadSplit and give the parameters of the house. It will tell you how much you can rent it for as 4 bedrooms vs a 4 bedroom house. I'll give you a hint. It's MORE.
Oh, and there are at least 5 houses on the MLS right now that have at least 5 bedrooms in them. Also, there are lenders out there that will help you with alternative financing. I'm not talking about Hard Money Lenders I'm talking about creative lenders.
To Facebook and search for "creative financing." You will find lots of people interested in your deal. You might have to JV it with someone and give them 50% of the deal but how much deal do you have if you don't have any money?
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PadSplit
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