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Updated about 5 years ago,
Trouble finding partner/private money for Duplexes
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.