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Updated about 5 years ago,
No money for down payment
My brother has a duplex that he's willing to sell, he's moving out of state and willing to hand it over but I already own a SFR ( house hacking with 2 roommates) and in order to get that it has to be in investment property with 25-30% down.
I don’t have that money laying around.
I’m currently a student and a Nurse at the Same time I’m thinking about borrowing student loans as a down payment for the property. It’s in a great place and can at least generate $500/ month after everything is paid off.
Selling for $200k and house is worth $230k
Is there a way around this. Where can I get the money there isn’t enough time and he’s trying to sell ASAP.
Please help with any suggestions.
No Heloc my house was purchased last month.