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Updated about 1 year ago on . Most recent reply

User Stats

31
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18
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Timothy Christian Jr
  • Rental Property Investor
  • San Jose, CA
18
Votes |
31
Posts

` capital for a deal

Timothy Christian Jr
  • Rental Property Investor
  • San Jose, CA
Posted

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?

Most Popular Reply

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2,252
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1,273
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Jason Wray
  • Banker
  • Nationwide
1,273
Votes |
2,252
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Jason Wray
  • Banker
  • Nationwide
Replied

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.

  • Jason Wray
  • [email protected]
  • 727-637-4289
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