Money First or Deal First?

[Mario Arnone]

Hi All: I'm fairly new to rental properties and I'm stuck on how to proceed. I have found several multi-unit rentals where the numbers work well; $250 -750 per unit but don't have an investor lined up. Some say find a good deal and then look for money?? I've gotten to the point where I want to make an offer, I have some money for a small down payment but need an equity partner for the rest. My credit is good and I also have a lender who is willing to provide the 75% loan at 30 years at 6%.  I'm on my 3rd deal where I dragged my feet and an investor came in and purchased. Do I just make an offer and go through the inspection process and while I'm doing that look for an equity partner? Or should I get an equity partner first then start looking again? Thanks for your help!! Mario.