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Updated about 10 years ago on . Most recent reply

Account Closed
  • Real Estate Professional
  • Los Angeles, CA
4
Votes |
30
Posts

Is This no money (of my own) strategy possible?

Account Closed
  • Real Estate Professional
  • Los Angeles, CA
Posted

hey BP, I've been thinking about a no money (of my own) down strategy and wondering if it could work, and that would be borrowing/raising the 20% down to get a mortgage. like one might do on a large building/complex. I don't have a specific deal but a family friend recently purchased three units in Milwaukee at $80,000 renting two for $1,500. My goal is to join them in that same market,theoretically speaking if can achieve the same numbers (if not better) would funding the 20% with private money be an option. I Know The terms/specifics of the private $ would be a key factor. But has anyone one something like this?

Thanks :)

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