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Updated about 6 years ago on . Most recent reply

User Stats

19
Posts
8
Votes
Michael J. Finnegan
  • Rental Property Investor
  • Waterbury, CT
8
Votes |
19
Posts

Different means to close a deal - not using a conventional loan

Michael J. Finnegan
  • Rental Property Investor
  • Waterbury, CT
Posted

I have been wanting to expand my rental property portfolio. I have found a few deals. I would like to invest into properties with 5 or more units. I don't have the capital to afford the downpayment for a conventional loan. What is the best strategy in approaching these potential deals? 

Thanks 

Most Popular Reply

User Stats

13
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6
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Replied

Hey @Luke Miller could you elaborate a little further on your comment? By nature, I would assume if one partner is providing a short term HML that partner is "active" and if Michael is going to buy and hold he would be passive. Just curious as to the syndication created because it would seem as if Michael would have "management" of the funds and project. I am also very green to real estate investing so I apologize if I'm missing something. Any and all help is appreciated!

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