Advice needed for first deal

[Bobby Sharp]

I’m relatively new to RE, but a friend of mine has given me the opportunity to buy 10 of his houses, all tenanted, owner financed, zero $ down, cash flowing between 200-500 each, all I have to do is pay closing cost (2%) for them coming out to around $25k, which I don’t have. Can someone please tell me the best way to borrow for this deal? 

[Cody Hawkins]

Quote from @Bobby Sharp:

I’m relatively new to RE, but a friend of mine has given me the opportunity to buy 10 of his houses, all tenanted, owner financed, zero $ down, cash flowing between 200-500 each, all I have to do is pay closing cost (2%) for them coming out to around $25k, which I don’t have. Can someone please tell me the best way to borrow for this deal? 

Hi Bobby, because you are doing a seller financed deal that opens up a lot of financing options for you. I used to be a banker and deal with lots of credit and financing options. If you currently own your home you can borrow against it with a HELOC. If not there are still other options for financing. If you have excellent credit you may qualify for an unsecured loan or LOC. You can also go the secured route and borrow against things like your business or vehicle with a secured loan or LOC.