Multi-Family and Apartment Investing

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Jamia Stevens
  • Accountant
  • Nashville, TN
5
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27
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What to do if you don’t have enough money saved for down payment?

Jamia Stevens
  • Accountant
  • Nashville, TN
Posted Oct 10 2019, 12:52

I’m just starting out and I was trying to get a preapproval letter so that I could know what price range to start looking in. I was told that I should save up $10,000 before I even consider getting a preapproval letter but that would take me years. I would love to buy my first property by May but how do I come up with that kind of money? Should I try to look for a partner that would contribute the capital or what do I do? It was discouraging to hear that so any and ALL advice would be great!!!!

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