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Updated over 9 years ago,

User Stats

8
Posts
0
Votes
Drew Smalley
  • Investor
  • Carmel, IN
0
Votes |
8
Posts

How to perpetuate SFH acquisition early on

Drew Smalley
  • Investor
  • Carmel, IN
Posted

Hello,

So I've decided to invest in the next neighborhood over.  I'm buying SFHs with a goal of owning 10 in the next 5-7 years. Right now I have one (jaw dropping I know). These are 90-110k homes that when the right deal comes along can be bought at around 75.  Cool. No problem I can buy 1 a year with an awesome local savings and loan that currently allows as many as properties as I want at 25% down.  I've run into a bit of a snag I'm about to put another 20k down and then poof my nut is gone for another year.  I guess I'm just curious if there is another way I could accelerate this process because It will take approx 15-16 months to save a down payment? The 25% is the only deal I can find. I've not tried alternative finance. Tips, ideas, rants and rhetoric all welcome.... Thanks in advance. 

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