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Updated about 9 years ago on . Most recent reply

User Stats

187
Posts
41
Votes
Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
41
Votes |
187
Posts

Strategies to raise capital?

Craig Moore
  • Commercial Property Manager/Facilities Manager
  • Boston, MA
Posted

Hi BP,

I am a fairly new REI and I am interested in hearing ways through which you all raised capital for down payments on multi-family houses. I will be utilizing an FHA loan for my first multifamily and I will need just about $15k more in capital to have a good down payment and 3 months of reserves. That is the fine line between purchasing and not purchasing my first house. Capital. I'm also growing accustomed to the idea of wholesaling but must admit that I am not well-versed on the topic. Any advice? Should I use what I have saved up to start a marketing campaign and wholesale? Thanks in advance.

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