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Updated about 5 years ago,

User Stats

25
Posts
7
Votes
Adam Reyher
  • Residential Real Estate Broker
  • Brownsburg, IN
7
Votes |
25
Posts

Advice finding first rental Funding!

Adam Reyher
  • Residential Real Estate Broker
  • Brownsburg, IN
Posted

Hello out there no family!

Looking for advice on the best way to fund my first rental deal.

Property is currently owend by a relative. They have moved out of country and are looking to unload the sfr as soon as possible. I'm a broker so naturally they contacted me to make this happen.

I would really like to purchase the property myself as the area is swiftly up and coming and they offered it to me for %20 under what I feel the resale value is.

My problem is :

• that the loan amount would be to small making this a high priced loan(no traditional lender wants to touch it)

• creative is out as they want to cash out as quickly as possible

• I don't have the liquid capital to purchase outright

Any suggestions would be greatly appreciated!

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