Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

12
Posts
5
Votes
Alice Chodkowski
  • Investor
  • Charlotte, NC
5
Votes |
12
Posts

offer accepted on a duplex in Charlotte NC

Alice Chodkowski
  • Investor
  • Charlotte, NC
Posted

but I am in need of financing for 115k. I orginally had a partner hat was going to put up the cash but that fell apart. So I've spoken with a few lenders and they want min 15% down and 6 months in reserve rent in the bank, I can't get anymore money out of my IRA and I don't have the reserves or the 15% down. I only have 10k in cash. the rent from 1 unit will cover the loan if approved and after all expenses including a management company it will still net aprox $450-500 a month. Hopefully, someone can offer some advice and any lenders info that they have or used in Charlotte NC. Please help. I really don't want to lose this deal.

  • Alice Chodkowski
  • Most Popular Reply

    Account Closed
    • Full-Time Investor
    • Charlotte, NC
    1,562
    Votes |
    2,280
    Posts
    Account Closed
    • Full-Time Investor
    • Charlotte, NC
    Replied

    Are you interested in wholesaling it and making a few bucks?  If it's a good enough deal, that may be a better alternative than spreading yourself thin on this 1 deal.  There'll always be another deal around the corner

    Loading replies...