AWESOME Deal but little funds...What would you do?

[Tiffany S.]

I know someone trying to off load some properties. They were inherited by the family and I guess they cannot agree on the day to day operations of being a landlord...so they want to sell. I do not have specifics but most of them are already rented and its a mix of SFH and MFH. I'm waiting for more information myself but my question is how would one go about getting a loan for these properties? I certainly do not have the funds for a 20-25% down payment for one mortgage let alone 11. Any creative financing advice? I think they just want to be done with the properties so i dont think owner fianance, subject-to, etc will work.

[Nick C.]

You might have to give up equity to a money partner. I'm assuming they'll want 50%, which is a lot to give up, but it's better than 100% of nothing. 

Or you could try to find a hard money lender that will lend 100%. This may be difficult if you have no experience but it's worth a shot. When you get the properties cash flowing you can refinance out of the hard money using a traditional lender to get a lower interest rate.