New Investors - Looking for funding advice

[Ty Hanson]

My business partner and I currently have one rental under contract. We are looking to scale and in the area we are looking for properties, a large deal has come up. A large investor is liquidating multiple properties in a city and we are interested in 10+ units.

Because we only have one cash flowing property we have limited capital. We are considering going through banks and mortgage lenders for partial. All in all the purchase price would be somewhere between $700,000 and $800,000 respectively.

Each unit is currently managed and rented either month-to-month or by year leases.

I have a hard money lender lined up that would lend a $100,000-$150,000 down payment for the purchases. We are interested in learning about how you can structure a deal as a new investor for a long term hard money lender… or how we can get a mortgage company to take a chance with us with little to no money down on a 10 unit deal.

This is my first post here and I am nervous so I apologize if this post is hard to understand and I will try to clear it up with any questions.