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Updated over 4 years ago on . Most recent reply

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Shane McBride
0
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2
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15-25% downpayment? Has to be another way..

Shane McBride
Posted

Vision. Check. Business plan. Check. Over 720 score with money saved, Check. Startup funding. Trying to obtain. I Can’t house hack. Wanting to purchase first duplex for cash flow but can’t secure the startup funding. Every place wants 15-25% down. Any other ways I’m missing? Business Credit good idea? Has to be another way other than having $50k saved up to drop into downpayment. Any advice?

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77
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44
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Richard A.
  • Investor
  • Fayetteville, NC
44
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77
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Richard A.
  • Investor
  • Fayetteville, NC
Replied

Agree with @Cassi Justiz. Find off-market deals. Creative financing. Seller financing. Subject-to deals. Network with other investors. Partner up. Find deals for other buyers. Get a business LoC to cover the 15-20%. So many ways to make this happen. But, it all leads to one thing.... NETWORK. 

What area are you investing in?

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