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Updated almost 5 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Deonta Johnson
  • Wholesaler
  • Baltimore, MD
1
Votes |
2
Posts

No enough money to get started!

Deonta Johnson
  • Wholesaler
  • Baltimore, MD
Posted

In looking for my first deal I have came across a deal a 9plex grossing 8k in rent for 400k. The problem is I have about 5k in savings and creative ways to get this deal done?

Most Popular Reply

User Stats

33
Posts
87
Votes
Dillon Y.
  • Realtor
  • Cherry Hill, NJ
87
Votes |
33
Posts
Dillon Y.
  • Realtor
  • Cherry Hill, NJ
Replied

@Deonta Johnson Welcome to the party.

The general rule of thumb is if the deal is good enough, the money won’t be hard to find. Do you have people you know with money that you can partner with? Start networking, and you’ll be amazed at what opportunities arise.

Side note is to be VERY sure of your numbers on the subject property. No investor is going to risk their skin unless you know the deal inside out, upside down, and backwards.

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