All Forum Posts by: Quatrell Walker

I have been conducting some research within my local area for purchasing a property.  The problem is obtaining the up front capital this particular property lists at 85k.  I have been reading and listing to no money down low money down investment.  I have also been talking with realtor. But I am stuck on being able to come up with the initial investment to procure this rental so I can start on my way.  This house Last sold: Apr 1996 for $10,000.  The interior looks nice low maintenance patch and paint and the roof Is newer.  Any help in what direction I should purse would be great.  Thank you all in the BP community for your help.

I was thinking about looking into either a privet investor or using a Hard money lender to obtain at least 20% down on a duplex that is worth 109k.  I would be looking at barrowing 21k from the Hard money lender and then after the deal is done I was thinking about getting a home equity loan to pay off the Hard money lender and use some to fix things that are needed to be fixed.  Is this the best way for someone new to get started in this investment business.

The two unit duplex offers spacious rooms, 2 car garage,a fenced back yard with a play set, and a covered porch.