Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Raising capital for a down payment
I am looking to raise around 10K in capital from investors. I will see what I can get from family, but if I end up needing more funds, what are typical terms, conditions, and length with these sort of contracts? What are your individual experiences?
The deal
Duplex listed at 62,5000 offered 30,000
Curb offer on one half walked through one half and identified a lot of cosmetic issues, mainly windows and flooring, and possible bathroom remodel and possible leak in roof.
15% down for a standard owner occupied deal. Have around 5K in cash.
Would like to raise 100% of down payment and closing costs.