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Updated about 9 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Gustavo Perez
  • Contractor
  • Kewanee, IL
2
Votes |
21
Posts

Need help Financing (partnership)

Gustavo Perez
  • Contractor
  • Kewanee, IL
Posted

So as of now I'm looking at two investment properties. 1 is a 2 possible 3 bedroom with 1 bath that is in good condition but needs the the upstairs remodeled and the sellering is motivated and willing to go down. 2 a multi family 2 unit house in same area that already has a tenant living in it. Now in the area of Peoria I'm looking at I've noticed and the Realtor I'm working with has told me that they are focusing their efforts for new home owners in that area and is getting 600+ Section 8 houses. My problem is Finding financing. I've inquired for hard money lenders but still waiting on them. Also thought about portfolio loans don't know any banks that do that but I can call around. Since I'm low on money but could always use credit cards to get the ball rolling these are my two options unless I find a Investor who is looking at getting some rentals. I would be open to a 50/50 partnership and I've also found other properties that I'm looking at tomorrow with the realtor that identical to the first one. 

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