I think I found a great 9 unit deal but..

[Justin Bearce]

Hello, 

I have found a 9 unit in my area for $240k it's a large property selling for $14/sqft. 7 of 9 units are currently rented and while the exterior could use a face lift the apartment they are showing off seems to be well kept and easily rentable. Using numbers well below market value I come out with almost $7000 a month in rent while expenses (assuming it's managed personally) come out to roughly $1000. 

But here is the problem. I don't have any means of closing on this deal. I don't have the cash to even get a down payment.  I also am just starting out in real estate having just closed on my first investment. Does anyone have any idea how I could make this happen? I don't know any local investors and given my lack of experience it seems a challenge to find a partner.

if anyone could give me advice to see this happen or if anyone would be interested in exploring the potential or working together on this I would love to hear from you.

I should also note that I have not inspected the property or gotten financials on the property yet. So all above information is speculation. I have not wanted to waste anyone's time without a means of following through should my speculations prove correct.

Thank you,

Justin

[Justin Bearce]

Well I have clearly made myself look the fool as from this expenses look more like $4000/month... Still Leaving this a good deal but far less exceptional.