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Updated about 5 years ago,
I NEED TO FIND 80K FOR MY FIRST RENTAL PROPERTY!!!
What's up Bigger Pockets! I am trying to purchase my first rental property and I stumbled across a 6 unit building that can bring 6k in rental income a month. A 30 year fixed with 20 percent down puts my mortgage payment at roughly 2k a month so after all expenses are covered that leaves a positive cash flow of 1k. I'm stuck on how to generate that kind of capital for the down payment. I don't have any capital to put towards this deal currently. Any ideas would be greatly appreciated.
Thanks!