Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

37
Posts
8
Votes
Christopher Adams
  • Contractor
  • Woodside, CA
8
Votes |
37
Posts

Need Advice on a deal I have in San Francisco

Christopher Adams
  • Contractor
  • Woodside, CA
Posted

Hello BP members,

I wanted to reach out to anybody and everybody on something my wife and I are struggling on. We have found a deal in the City of SF and have an agreed price that is under market value and is ours for the taking. We have ran all the numbers multiple times and the property cash flows (from what I've been reading that is hard to find in SF). Our problem is the condo is more then we can get pre approved for. We have been reaching out to family members to see if anybody wants to go in and help us with the 25% down to get us to our approved loan amount and nobody wants to part with that kind of cash. We are offering a very nice return on investment in a short amount of time. Our plan is to BRRRR so we would pay back the investor at time of refinance (9-12 months at 8.5%)

Is there anybody who has ran into this kind or problem and what kind of solutions are out there.  We really don't want to lose this deal and feel this will be a strong foundation to our real estate goals for many years to come. 

I can PM all details to anybody who wouldn't mind looking at them or is possibly interested. 

Thank you, 

Loading replies...