Updated almost 7 years ago on . Most recent reply
Handling scale when it comes to financing deals
The last few years I have done several deals, from condo conversions, launching airbnb's, and long term rentals. I also built my network where I have some off-market deals flowing my way. I have 4 on the hook right now with a 3 family condo conversion currently in process as well as about to put an offer in on another 3 family to condo. I don't have enough capital to handle the 4 25% down payments + carry to make all these deals happen. In hindsight this is my fault for not building out my network of capital, but I was only planning on doing real estate as a side thing, but it has started to really take off. How in the past have some of you built that network of capital to afford multiple down payments? I can get the financing from a bank all day but where I live a typical 3 fam costs about 130-150k for down payments on each.