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Updated over 5 years ago on . Most recent reply

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Tyler Harris
  • Flipper/Rehabber
  • Indianapolis, IN
0
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2
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Broke broke broke !!!

Tyler Harris
  • Flipper/Rehabber
  • Indianapolis, IN
Posted

Good evening all. I am a brand new investor here in Indianapolis. Currently i am having a melt down! I am able to find great deals but when it comes to funding it seems like i have absolutely no luck! I have a hard money lender but like most they require a down payment i simply do not have. Also closing cost and everything in between amount to roughly 10-12k. I’m stuck because i do not want to wait years to build 30k just to start my projects. Millionaires make decisions now and I am facing a brick wall. Any suggestions on what i can do or look into in order to get the ball rolling in my favor??

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2,458
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Lynnette E.
  • Rental Property Investor
  • Tennessee
2,400
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2,458
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Lynnette E.
  • Rental Property Investor
  • Tennessee
Replied

Get a second job and put the entire salary from that job into a savings for the down payment, rehab costs.  If you are planning on doing the rehab yourself, try to get that second job doing drywall, plumbing, or whatever you think you will want to do on a rehab to develop those skills.

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