Rental Property Investor · Baton Rouge | New Orleans, LA · Member since 2018 · 51 posts · 7 votes
80% occupied MF Property, but short $62.5k in order to put LOI in between us. Any suggestions? Great deal 11.7cap with the vacancy, 15.8 fully occupied. Find another partner or go for something else?
@Sherman Dunn how much are you putting in? What are the details of the property? Can you or would you take more investors? Can you borrow the money somewhere else? Ie against personal home etc.
@Sherman Dunn how much are you putting in? What are the details of the property? Can you or would you take more investors? Can you borrow the money somewhere else? Ie against personal home etc.
I’ll PM you some of the details, don’t wanna seem like I’m soliciting a deal. Putting about 1/3 into the deal along with managing, and borrowing a bit off primary residence as well. Definitely ALWAYS open to more investors.