First deal... Need help!

[Armando Hernandez]

Hi guys, so after a small craigslist ad i had someone bite and we've come to terms on his duplex property. We agreed upon a specific amount on the property and I'm already planning on taking the contract over to him this evening.

He just sent me a text with the following: "How much am I putting down on the property" and also asking me on how many days to close. This 'closing time' I am using to find an investor. I want to reply but I don't want to scare him away because I don't have the funds to put down a 10% that he is requesting...

Please help!