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Updated over 1 year ago, 09/11/2023
Who finances bad credit apartment buildings
There are 2 apartment complexes that are deemed commercial because they are apartments and not townhouses or duplexes. So my question is who can I go through to finance these as my first investment properties? They are a package deal. At 1.4M? I want to be able to have 100% legit funding. Idc I will put my house on it. Literally. Because I know I can do this. My credit isn't great though. But literally we been doing this but for other investors. This is something I have wanted to do my whole life, I want to help the low & middle class families have a great place and also put back into the community by also housing people trying to get back on their feet. And reduce the homeless rate. Which I would figure would be some kind of government funding, right?
about 97% of the units are already leased, and under a year contract, so there's that.
My husband and I have had our own business for over 3 years now dealing with fixing, rehabbing, flipping, and rentals for someone else. We are ready to do this for ourself. Please any insight would be great. I don't want to miss this deal because of being uneducated.