Identified a great property, How to finance it

[Oye Dosumu]

Hi everyone, I have been able to identify a property that in my opinion will cash flow very well. However, I want to pay 10% of the cost (Note its a 6 unit property). Conventional lenders are unable to finance it as they need atleast 20%. I don't know anyone who has any such amount of money just lying around. Do I contact hard money lenders? Note 2: This is my first property.  Thanks

[Heath Ryans]

@Oye Dosumu Im just going to start by saying that i highly doubt any 6 unit property that you only put 10% down on will cash flow "very well." I'm interested in seeing how you ran your numbers.

The best your likely to get is 15% down and that will probably be hard to come by because it usually comes from working with lenders for a while. If you tried to finance the difference with hard money, your going to lose big time.

Investors most certainly do have the down payment sitting around. If they don't, they partner with someone who does and split the deal.