Creative Financing Ideas - $350K Down Needed, Don't Have
Looking to acquire my first multifam property, owner financed. Requires a $350K down payment that I don't have, and I'm hoping to learn what to do/what my options are in this type of situation and how to take the best course of action. Do I go find equity, get a non-secured loan, get a 2nd? Thanks in advance for your feedback/advice!
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@Matt Chestnut I would look for a passive partner that will bring the capital to the table. He brings the cash, you found / operate the deal. Especially if this is your first deal (assuming it's a killer deal) I would do whatever you gotta do to get it done; but of course, make sure it's still worth it for you at the end of the day.
Where's the deal at? How are the metrics looking?