No Money, Poor Credit, Found A Great Property, What Can I Do?

[Robert Davies]

Hi everyone,

I'm looking for some advice please. I'm new to Real Estate and really want to get into it, there's a but though. I have no money of my own to invest, my credits poor and i've found what i think is a great investment.

The properties in Germany (i live in Germany), it's a Multi family apartment complex comprising of 127 units fully tenanted, at a purchase price of 3.700,000 Euro, bringing in an amazing yield of 18.32% which equates to a net income of 677,840.

I've been looking around the web for private investors and international private lenders but not getting anywhere, probably because i have no money down myself and as well as the purchase price there's the commission,legal fees,transfer tax,agency fees, stamp duty and working capital needed (possibly another 900,000 making the total funding required 4.600,000).

Is there anything i can do or is what i'm thinking of impossible and stupid?

Some helpful advice would be greatly appreciated

Thanks Rob