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Updated over 6 years ago on . Most recent reply
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RECOMMENDATIONS FOR DOWN PAYMENT
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!!!!
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I sounds like you need a partner. Start with your local REIA or any real estate investor connections you can think of.