New Investor.. million dollar deal

[Account Closed]

So I'm new to investing. Posted a few questions to this forum before on things like explaining the brrr method and things like that. I've been searching for deals to get started in buy and hold... I came across a really good deal.. the catch.. it's almost a $1 million dollar investment. Good news is the seller is willing to do some sort of financing themselves like me putting in 20% and then financing the rest through them. But either way, for a new investor who doesn't have a lot of money to invest, where do I even start with finding $1 million dollars to invest? Should I try for a business loan? Maybe see if I can even get a $200k business loan? Either way, here are some more of the details: 8units + 4 lots Asking price: 950,000 Collective rent: $6,000 (but way under what it should be) There are also 4 lots on the property that can either be developed or sold separately. If I build them, then obviously that more initial capital I need, but ultimately more units I can rent. Thoughts? Thanks, Jason

[Tom Gimer]

I doubt your seller is expecting to be in 2nd lien position with his/her $750k. If you (or a partner) don't have the $200k cash to put in, this sounds like the wrong type of deal for you.