Updated over 9 years ago on . Most recent reply
Investment Assistance
FUNDING PROBLEM
How do I get a 200k deposit? How do I get an investors help?
I have a full business plan and should be able to pay all proceeds back into the new property after sale of the new house.
-Background
I'm trying to buy a property for Ag Business/Development and need a down payment of 200000. (No disclosure required for discussion)
This is a very very good investment but don't have the cash down to get it started. The payments are not a problem it is just the initial down-payment.
-Financial Background
My home is valued at 600k and I owe 499,000.
We are under construction of a new home and keeping the existing structure as a rental.
Once completed the broker appraised the sale price at 1.1million.
===We could sell at 1,000,000 (Pocket 350,000)
===We could rent and get at least 5000 a month (Mortgage is 2500) 2500 Income a month
Because we are under construction we do not Qualify for a equity loan on what the value will be when complete.