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Updated almost 8 years ago,
Newbie financing 1st deal
Hey guys,
I've recently came across 2 duplexes that are exactly what I'm looking for. The owner is selling at a great price. All four units are occupied and it cash flows great. The only problem is that I'm a little short to cover the entire down payment.
Has anyone ever financed the down payment? I ran some numbers and if I get a decent rate I will still have enough to save for expenses but, my cash flow is a lot lower.
Any feedback is appreciated! FYI house hacking is not an option.
Jeff