Found a good deal, struggling to find the money

[Ryan Rader]

I recently found a single family home that has been fully gutted and on the same property is a triplex (they started converting a quadplex to triplex). The property needs a lot of work and repairs. Comps in the area are between 365k and 799k. I believe I can get the property to about 100k. My issue is I need about 250k - 270k all in to get it back to rentable state. At the end of the day this could be a 5 - 6 unit property with rent between 800 - 1000 a month. Close proximity to multiple universities and colleges and in a great area. My question is how do you find investors and/or financing for something like this? 

[Joanne Eriaku]

@Ryan Rader, put together the equivalent of a Financing Request Packet, which is basically a packaging of the deal; describe the deal, out line the opportunity, summarize the loan terms, cost breakdown, show them the ROI, Risks, Risk Mitigation strategy, exit strategy, show whoever it is that you are a serious business man who knows the numbers and who can seriously grow their money for them. Be confident, show that you are presenting an opportunity for them, go in there as an opportunity not to be missed, not a person begging for help.