Own a Biz, Can’t get Pre-Approved

[Ray Rhoads]

So I’m searching for my first deal... Obstacle #1: I live in SoFla, crazy expensive. Obstacle #2: I left a Fortune 100 company to start a business THIS YEAR. So no W-2s proving steady income. Obstacle #3: I don’t have 100,000 cash to buy this deal lol How do I get the money to bu this unit? 99,000 ask. Great Area. Could rent at/above $1500. Beautiful in and out. Just needs washeR and dryer switched out. What’s my OPTIONS FOR FINANCING THIS so I can offer ImmedIately? THANKS FOR ANY ADVICE THOUGH!

[Matt Crusinberry]

@Ray Rhoads, Due to what appears to be limitations, you will have to consider alternative means of financing (seller, partner, HML, etc.). I would suggest you make this house one of several in your funnel, and continue to do research. Also, try to speak with seller if possible, talk with your friends and family and tell them what you're trying to accomplish. It's obviously going to take a little more hustle, but I would leave this one in the pipeline and continue to search out properties with that in mind. Good luck!