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Updated over 1 year ago,
New Member Introduction // Couple Questions
Hey everyone, my name is Tyler and I have recently decided to pursue my newfound passion for real estate investing. I live in Charlotte, NC, but I am originally from New Haven, CT. I graduated from UNC Chapel Hill three years ago and currently work as an investment banking analyst.
After reading a couple books and exploring the forums here, I am very excited to get started and I am eager to invest in my first property. I plan to spend the next 10-12 months further expanding my knowledge base and building capital to acquire properties (house hack first property with FHA, then buy multi-family). I have one initial question below for you all, please let me know if you have any insight! I am also more than open to communicate directly over IM or via phone! Thanks!
1. Does anyone have experience raising money for down payments where lenders participate in equity upside as opposed to charging interest like a traditional lender? I have found properties that can be great deals, but the markets I know are expensive and I have do not have the reserves to fully fund a 20% down payment. The math works, but the numbers are high (for me).