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Apartment building investment
I am a greenhorn and looking for advice on creative ways to come up with financing.
What do you bring to the table @Lance Muller? is it deals? financing? stabilization? figure that out and the pieces that you don't have - partner with people who do.
Quote from @Andrew Bosco:
What do you bring to the table @Lance Muller? is it deals? financing? stabilization? figure that out and the pieces that you don't have - partner with people who do.
That's the correct answer, commercial mortgages are a lot more flexible about down payment sources, etc, than home loans, but pragmatically (loan requirements aside) you need to bring SOMETHING to the table for anyone to want to bring what THEY have (down payment etc) to the table. Otherwise, it's just panhandling, "I have nothing to offer but will you help me buy an apartment building?" isn't far removed from "I have nothing to offer but can I have a $20 bill?"
