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Updated about 10 years ago on . Most recent reply
Down payment
Lets say i want to buy a 100 unit and i can get it for four million. It makes 400k a year after expenses and the rent is low for the market area. I would raise the rents and reduce the unseciary expenses and i'm thinking it could do 500k a year. My only problem is the down payment it would require a 20% down payment which would be $800k. I dont have 800k so what would i do? How would i get the 800k i needed? Would private investers be the way to go? And also can you ask them to take 15% or 10% down?
Most Popular Reply
My question is what can you offer me in return for my money? Say I was up to JV this with you and provide a bulk of the down payment, what would be in it for me? Someone with that level of free cash is probably fairly skilled or would seek a highly skilled partner.