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Updated over 8 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Stephen Callaway
  • Real Estate Agent
  • Steubenville, OH
3
Votes |
7
Posts

I need solid advice!

Stephen Callaway
  • Real Estate Agent
  • Steubenville, OH
Posted

Hello everyone, I am an aspiring investor in Ohio who needs help. I understand I do not have much on my account but please don't let that factor into judgement. I have been working on a deal now for roughly 2 months. It is a 6 unit apartment complex that is in great shape but needs some updating in the living space. I have done my due diligence and the numbers are great. I have been spending virtually every waking moment trying to get this deal to close. After offering nearly a dozen deals that include seller financing, the lady just really wants to get rid of it in a conventional manner. In short this is a deal any investor could not pass up on. From buying in with massive equity to cash flow to ARV this is a grand slam. The lady is not an investor and purchased it for a member of her family who wanted to invest and has since taken it back into her possession. I do not have the funds for a DP to purchase with a traditional commercial or hard money lender. Does anyone have any tips on how I can get the DP or know of any lenders or creative ways to finance this deal? I have been looking non stop and have pitched the deal to several family members but to no avail. I am willing to do whatever necessary to secure this investment but I simply can't get it done. If anyone has any further questions in order to guide me to serious help feel free to ask.

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