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Updated over 2 years ago, 07/26/2022
Find leads or get money saved first?
Hey there! I am sure this question has been asked a bunch of times in different ways but would love some help with where i should be focused. I currently have a 3 family property that I am house hacking. My rate is SO LOW that it doesnt make sense to refinance out of it to do another FHA right now and there isnt a ton of equity in the property to qualify for a HELOC. So as I look to scale out my portfolio, I know i need money which i don't exactly have enough right now for a 20% down payment. BUT I also want to start marketing to find deals.
My question is ..Should I start up the marketing engine to start finding deals and then if something comes across thats good, start to look for some private capital OR wait and save up the 20% (around 100k minimum in my area) before marketing looking for deals?
Thanks!