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All Forum Posts by: Cheryl Walker

Cheryl Walker has started 1 posts and replied 3 times.

Multi-Family and Apartment Investing

Post: Is it possible to get private funding of $1.3M as a new investor with poor credit?

Cheryl WalkerPosted
  • Posts 3
  • Votes 0
Quote from @Jay Hinrichs:

U can over come poor credit with large to larger down payment but rates are going to be much higher.


 What percentage down payment would you anticipate for a property like this with proven profitability?

0 Votes
Multi-Family and Apartment Investing

Post: Is it possible to get private funding of $1.3M as a new investor with poor credit?

Cheryl WalkerPosted
  • Posts 3
  • Votes 0

Thanks for the info, I am looking at smaller units as well. 

What about seller financing or performance-based financing? Would either of those be an option?

0 Votes
Multi-Family and Apartment Investing

Post: Is it possible to get private funding of $1.3M as a new investor with poor credit?

Cheryl WalkerPosted
  • Posts 3
  • Votes 0

I am looking to buy a 5-unit property that is fully furnished and doesn't need repairs. The units are currently all AirBNB rentals. I want to live in one and use the income from the other units to pay the note. As of now the property is grossing about $205k/year. The asking price is about $1.3M. Where should I look to finance this type of purchase?

0 Votes