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Updated over 7 years ago on . Most recent reply

Shane Collins's profile image
Shane Collins's profile image
Shane Collins
  • Specialist
  • from Covington, KY
  • Member since May 22, 2017
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Shane Collins's profile image
Shane Collins's profile image
Shane Collins
  • Specialist
  • from Covington, KY
  • Member since May 22, 2017
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Shane Collins
  • Specialist
  • Covington, KY
7
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26
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Starting Out

How did you raise a large down payments when first starting out?

Shane Collins
  • Specialist
  • Covington, KY
Posted

I have one duplex at the moment but I am looking to expand. I house hacked my first property on an FHA loan 6 months ago. Things are going well and I would love to purchase a deal I found that is going to be great. I have a partner to go in half with me but I need a strategy or plan to get the 15000 cash that I need for the down payment on this next deal!

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Bob Okenwa's profile image
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Bob Okenwa
  • Real Estate Agent/Investor
  • from Peoria, Arizona
  • Member since Dec 10, 2016
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Bob Okenwa's profile image
Bob Okenwa's profile image
Bob Okenwa
  • Real Estate Agent/Investor
  • from Peoria, Arizona
  • Member since Dec 10, 2016
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
2,461
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
Replied

Have you considered using a HELOC to get the funds. Or you can try raising private capital through friends and family.

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