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Updated over 5 years ago on . Most recent reply

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31
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Connor Deneen
  • Washington, DC
6
Votes |
31
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Ideas for financing a 9 unit property? Low/no money down?

Connor Deneen
  • Washington, DC
Posted

I don't have the money to get a commercial loan at 20% down, the asking price is $750k, I do qualify for the VA loan, but seeing as this is larger than 4 units, I can't use that here. I'd be living in the property and managing it as well. Any ideas about how to go about financing something like this with as little money down as possible? Or how to finance both the mortgage and the down payment? Already looked into owner financing, they aren't interested. Thank you.

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933
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492
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Tj Hines
  • Specialist
  • Tampa, FL
492
Votes |
933
Posts
Tj Hines
  • Specialist
  • Tampa, FL
Replied

@Connor Deneen if the deal has merit, you may be able to joint venture with someone that has more experience than you in this arena. I would find out where all of the local investment clubs in your area. Go to everyone, until you feel you made enough solid connections. If the deal is good enough, the money will usually find you

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