Financing 18 Unit Portfolio Purchase - Need advice quickly!

[Eric Brenneman]

We have uncovered a portfolio that is currently 15 rented doors, and a triplex in need of repairs prior to renting.  The asking price of the portfolio is around $400k. As a newer investor, the numbers on the BP calculators are showing this as a prime opportunity, but stuck on the financing and am in need of significant guidance. Please help, I look forward to your thoughts.

[Tom Rolph]

You say "we". Are you working with a partner? If the deal is as good as you say, you have several options:

(1) Wholesale the deal off to someone else for quick cash

Partner up with an experienced local investor and watch and learn

Present the deal to a private lender, credit union or local portfolio lender

Rack you brain and make a list of who you know