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Updated almost 3 years ago on . Most recent reply

User Stats

26
Posts
21
Votes
Danyale Martinez
  • New to Real Estate
  • Clarksville, TN
21
Votes |
26
Posts

finding a partneto make a deal happen with 0 to little money down

Danyale Martinez
  • New to Real Estate
  • Clarksville, TN
Posted

Hello Bigger Pockets community, 

I'm a new investor that's having a hard time coming up with the money to purchase a duplex 2/3 bedrooms both with 2 full bathrooms. The asking price is $230,000. Please pitch me ideas on how to make this work, or partners, etc....Thanks

Most Popular Reply

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1,584
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1,685
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,685
Votes |
1,584
Posts
Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Danyale Martinez you're going to have to assemble a pro forma to share and present with potential partners. Have you analyzed the property to determine if it is even a deal worth pursuing? As others have mentioned, you can house hack the property with an owner-occupied low downpayment loan. Raising private capital without a prior track record is going to have challenges. I agree with Debbie, start attending local REIA meet-ups to form connections and develop relationships with investors who have money to put to work but don't have any deals lined up. Hope this helps!

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