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Updated over 4 years ago,
Beginner Question Help
Hey guys!
A multi-family property just popped up on the MLS, and it is in a pretty good area and the seller needs to sell quickly. My friends and I have been asking questions and definitely have interest in the two units.
Because of it being two units, we must put down a 25% down payment as it is an investment property. Our question is, due to us not having enough money, what are some options to get the money? We obviously know about a normal lender or a private lender, but just wanted to ask and see what creative ways people have out there, or some we haven’t looked at!
The total down payment money needed is around the $77K mark and some additional money for some small rehab!
Thanks guys, can’t wait to read the responses.
Sam