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Updated about 5 years ago on . Most recent reply
Financing First Deal
Hi everyone! In the market for a new multi family property in North Georgia with the intention to “House hack and hold”
Looking at getting an FHA Loan but am currently unemployed. However I have saved quite a bit.
Has anyone else run into a problem with getting a loan? What are some creative ways you’ve financed a deal?
Also looking to perhaps team up with a 75% partner to fund the deal while i take care of closing costs and take 15% of cash flow.
Thoughts?
Thank you
Andrew :)
Most Popular Reply
Dennis M.
#5 General Landlording & Rental Properties Contributor
#5 General Landlording & Rental Properties Contributor
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- Erie, pa
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Dennis M.#5 General Landlording & Rental Properties Contributor
#5 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Erie, pa
That’s enough to do an owner financed deal. No problem