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Updated over 6 years ago on . Most recent reply

User Stats

18
Posts
2
Votes
Sadiq Muhammed
  • Rental Property Investor
  • Dallas, TX
2
Votes |
18
Posts

RECOMMENDATIONS FOR DOWN PAYMENT

Sadiq Muhammed
  • Rental Property Investor
  • Dallas, TX
Posted
Hi, I am a new investor looking to acquire property. I have been studying like crazy this past year. I came across a great 4 pack deal. Seller is asking 107K for four properties. These properties are currently occupied and rents total $2700. I am stuck now because I am in need of the down payment. My wife and I pre-qualified for an investment loan, but now we are searching ways to come up with the down payment. I have about 80K in equity in my home, but debt to income ratio is not where it need to be. I even asked seller about owner financing. I AM STUCK, PLEASE HELP!!!!

Most Popular Reply

User Stats

71
Posts
42
Votes
Alyssa Paros
  • Rental Property Investor
  • Johnstown, PA
42
Votes |
71
Posts
Alyssa Paros
  • Rental Property Investor
  • Johnstown, PA
Replied

I sounds like you need a partner. Start with your local REIA or any real estate investor connections you can think of.

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