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Updated 9 months ago, 03/28/2024
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!