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Updated over 5 years ago on . Most recent reply

Account Closed
  • Londonderry, NH
1
Votes |
8
Posts

Raising money for investment property

Account Closed
  • Londonderry, NH
Posted

My dilemma is that I found a potential commercial real estate property on the market that probably has good cash flow (still waiting for financials to confirm this) and I don’t know if I can get it.

My current situation since I am still new to Real Estate is that I don’t have much saved up for a down payment (3% of the property value) and I have a preapproved quote for about half of that property price. So I understand there is the possibility of me being owner occupied (which I am open to do) but I am only preapproved for half of the asking price.

What advice do people have for me about this situation I am in since I wanna have the ability to buy commercial residencies?

Thank you in advance!

Most Popular Reply

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3,139
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
2,094
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3,139
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
Replied

@Account Closed 

Based on where you're at this point, consider either wholesaling this property or bringing it to an experienced operator for either a small fee or in exchange for them teaching you (offering the experience for your next deal). 

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