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Updated over 5 years ago on . Most recent reply

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35
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5
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Brandon Levi Eagan
  • New to Real Estate
  • Iowa
5
Votes |
35
Posts

Trouble finding partner/private money for Duplexes

Brandon Levi Eagan
  • New to Real Estate
  • Iowa
Posted

I’ve found a few Duplexes for sale and they have tenants already, ran the numbers & cash flow is great.

I’m having a hard time with funding as I am a new investor.

I do not have quite yet 20% down, maybe another 6 months and I could, but by then these properties will most likely be gone.

I’ve been unsuccessful in finding a partner or a private money lender.

Does anyone have any advice, opinion, or things that I could possibly try that I may have not tried or thought of to do?

I’ve also reached out to quite a few owners of duplexes/multi family properties if any were interested in seller financing and no one is.

I’m located in Eastern Iowa.

I might have to find a duplex with an open side to house hack to get started.

Any help is appreciated ! Thanks.

Most Popular Reply

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12
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7
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Replied

@Brandon Levi Eagan

Do you mind sharing your underwriting?

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