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Updated about 3 years ago on . Most recent reply
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Seeking advice to get investor help to purchase first home!
Whats up BP Rookies?!
Mack Rahnenfuehrer here and I am hoping to be a new first time home buyer in the next month! I have found a duplex for 500,000 that shows it cash flows, but is slightly above my Preapproval (400,000).
I am looking to find advice as to how I could get an investor interested in loaning me the down payment when I know this property will cash flow, but I plan on house hacking in it until I refinance to buy my second property later this year.
Any advice on how I could get an investor interested in seeing the potential on this property and the benefits that could come to them as an investor when this property turns into a full time rental property by the end of the year??
please help!!