financing options

[Aaron Moore]

Hello everyone,

I'm hoping to buy my first property which would be a 5 unit townhouse style.

-Monthly rent income of $2,895

-No major repairs needed

-Tenant pays everything except water

-Garbage payment included in water payment

-All 5 units currently rented

-Seller asking for $119,900

I was looking to get a hard money loan but only 75% of price would be covered and I don't have a lot of money to put down for a conventional loan. If anyone has any suggestions of how I could finance this deal or advice on why I should look for a cheaper first deal would be greatly appreciated.