Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 10 months ago,
Creative No Money Down Option for Tri-plex
Hi all,
I have a good tri-plex opportunity for approximately 350k where i could put about 30K into it and have it rents totaling about $4500. I can get a DSCR loan but need 20% down and about 30k for rehab. I dont have any cash to throw into the deal. What are some creative ways I can come up with the down payment and rehab money? Partner with someone on the down payment in exchange for equity in the deal? Should I try to find private money to fund the whole amount and refinance in a year? What do you suggest as some good options for me in this situation? Thanks!