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Updated almost 5 years ago,

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5
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0
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Jacob Ingledue
  • Springfield, MO
0
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5
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How to get capital for a huge deal?

Jacob Ingledue
  • Springfield, MO
Posted

I am a young and inexperienced investor. I currently own 2 rental properties and have high hopes for growth. I have been building a relationship with an older lady who owns some rental properties and is fed up with being a landlord. She is ready to get rid of them. She owns a 5plex, a duplex, and 3 single family homes, all of which need some work. She owes $140k on the properties and would like to get $250k for them but at this point it sounds like she would just like someone to make an offer on them so she can walk away from labdlording. I think her properties could make awesome investments, however, I don't have the working capital to cover the down payment on a commercial loan, nor do I have the capital to rehab the properties. Any suggestions and/or advice?

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