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Updated about 1 year ago on . Most recent reply
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` capital for a deal
Hey, I found an awesome deal on the market (MLS), but I don't have the funds for a down payment. It looks like no one is interested in funding it or offering a finders fee. Any advice on how to find investors for deals like this?
Here are the deal details – could someone provide advice on what I should do differently?
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Most Popular Reply
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You could always take out a personal loan and use some of the funds as the down payment. You would have to season some of the funds in a savings then to checking account for 3 months but is could be done. If you own a home you could take out cash through a refinance or 2nd mtg.
Other option would be if you do not own a home buy it as a primary and use a DPA program to cover the down payment.