FHA 203k and Low Money Down

[Shaun Nestor]

Hi all!

I have been well integrated into real estate for the past 4 years. I started with commercial NNN as an intern, moved to residential when I got my license, and recently moved into my current position as a licensed assistant for a senior apartment broker at Marcus & Millichap. The job is salaried, and I get decent market exposure as I am writing proposals and OMs for a team of 7. Finding the deals isn't really an issue for my wife and I, we know one when we see one. The issue is a lack of initial capital.

I know there are ways to get your first acquisition without putting a lot of money down. I am intrigued by the FHA 203k loan in specific. I have a good contractor, and my wife and I are both employed.

I was also wondering if there is a way to build equity with ZERO cash down. I have heard there is a way to invite investors to split a deal with you even when you have no skin in the game. How does one provide value in this circumstance? I know a few investors that would vouch for me, but I need to understand this before I can propose something that might come across as entitled or unfair.

Thank you!