Help me get my first deal!!!

[Damien Papillo]

So I am currently looking at a 3 unit property. I say it like

That because is a duplex with a another unit built on the property.

This is going to be my first attempt at pursuing a rental property. It need work and is a rising area. My realtor is saying he is confident we can get the property for 135k and I'm confident this property can be reappraised for 200k ARV on the conservative side. Every other property around it is over 200k and looks to be well updated.

I have a little over 21k in cash and access to the 30k (heloc) that has been activated and never touched. I am attempting to use a hard money lender for the first time and they are asking for 30% down and potentially 6 months payments up front (tbd) after an appraiser looks at the property and takes in considering the rehab. Again im calling 200k ARV. Therefore 60k down and potentially 6 months payments. Therefore I am

Short on this down payment. Any suggestions on how I can help myself out?