In need of Financing Ideas

[Modesta Lopez]

A couple of weeks ago I sent out a mailing to landlords who recently evicted tenants. I got a call back from an out of state owner looking to get rid of his 15 unit. Based off of the numbers, it would be a great investment if he agrees to the price. I am still in the process of doing my due diligence. I'm hesitant as I don't have money for a down payment nor is my networth high (I know banks look at this when deciding on how large the loan amount can be for an individual person.) what are some options I can look into in order to make this work? 

TIA

[Andrew Beauchemin]

@Modesta Lopez, I agree with Kristina response.  To add on, if you're willing to sacrifice a bit of equity, you can  look into partnering with other people.  Since you found the deal, you're in control of the cuts you're willing to offer.  There are companies that do equity syndication professionally, so if all else fails you can bring this deal to one of them.  Just be careful they don't take you for a ride.

The hardest part is finding the deal, if you have a good deal the money will come.  Worst case, you can get it under contract and attempt to wholesale it.