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Updated over 13 years ago on . Most recent reply

User Stats

14
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0
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Thomas Pierce
  • Real Estate Investor
  • Staten Island , NY
0
Votes |
14
Posts

money down

Thomas Pierce
  • Real Estate Investor
  • Staten Island , NY
Posted

In my area NYC, duplexes start at 200k. I do not have enough cash to put 25% down any ways to get a loan that does not require 25% NOO investment. Or any ideas on how to get startup money. thank you

Most Popular Reply

User Stats

56
Posts
34
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Mark Fitzpatrick
  • Residential Lender
  • Irvine, CA
34
Votes |
56
Posts
Mark Fitzpatrick
  • Residential Lender
  • Irvine, CA
Replied

Hi Thomas, the key is finding a deal with built-in upside, then finance with a partner or hard money. Once the deal is rehabbed (assuming it needs it), you can refi into permanent bank financing. I have a free report you can grab off my website that shows you how to do this. The link is either on my profile or my signature, so feel free to check it out.

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