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Updated almost 6 years ago,

User Stats

146
Posts
30
Votes
Dennis Johnson
  • Investor
  • Villa Rica, GA
30
Votes |
146
Posts

Taking Action-Jump in or taking steps

Dennis Johnson
  • Investor
  • Villa Rica, GA
Posted

Afternoon BP, 

  After all the educating, book readings and conversations I am ready to take action but I am stuck in a dilemma.  I have reached out to several people I have personally met and trust based upon their experience.   My question is I wanted to start in small units less than 50, I found a group that would sign a non-recourse Freddie Mac loan for a fee of course but now stuck at finding investors.  Scenario 1  

     Second I am looking at an owner financing complete rehab it needs a gut job, I am not a contractor it seems like a lot of work so I am focusing on a stable asset.   So my question is, what are some ways to fund the down payment and other cost associated with buying apartment units.   It would only be about 20 - 25% needed.  All suggestion would be greatly appreciated.  

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