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Updated over 5 years ago on . Most recent reply

Carlos Velez's profile image
Carlos Velez's profile image
Carlos Velez
  • Rental Property Investor
  • from East Orange, NJ
  • Member since Jun 20, 2018
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Carlos Velez's profile image
Carlos Velez's profile image
Carlos Velez
  • Rental Property Investor
  • from East Orange, NJ
  • Member since Jun 20, 2018
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Carlos Velez
  • Rental Property Investor
  • East Orange, NJ
3
Votes |
12
Posts
Creative Real Estate Financing

Two Properties under contract but enough money for one

Carlos Velez
  • Rental Property Investor
  • East Orange, NJ
Posted

So I have two properties under contract. Both deals will cash flow handsomely but I am buying using my FHA and I don't have enough to purchase the other property using 20% down. I am working on getting a line of credit for the down payment. Also considering private money, what other way can I go about getting BOTH deals. What would you guys do?

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Kerry Baird's profile image
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Kerry Baird
  • Rental Property Investor
  • from Melbourne, FL
  • Member since May 5, 2011
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Kerry Baird's profile image
Kerry Baird's profile image
Kerry Baird
  • Rental Property Investor
  • from Melbourne, FL
  • Member since May 5, 2011
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
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Kerry Baird
  • Rental Property Investor
  • Melbourne, FL
Replied

I just did that last month.  I had an owner finance one house and found a lender to finance the other.  With both, I found a money partner for the down-payment funds. 

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