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Updated over 9 years ago on . Most recent reply

User Stats

623
Posts
155
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Jeb Brilliant
  • Rental Property Investor
  • Long Beach, CA
155
Votes |
623
Posts

Anybody doing low down loans based on 100% occupancy & cash flow?

Jeb Brilliant
  • Rental Property Investor
  • Long Beach, CA
Posted

Hi All,

I was just in Indianapolis again to look at apartments and I've found a winner. My issue is, I don't have $225k to put down. Now I will absolutely JV with somebody if the deal is right but I'm hoping to get a loan instead. Are there any lenders who will loan nearly 100% of the cost of the property based on the fact that it's 100% occupied and has great cashflow? On a side note, it's in great shape and has an amazing PM.

I'm pretty sure what I'm asking isn't realistic but I want to make sure before I start looking into a joint venture. 

Thanks for any and all input. 

Most Popular Reply

User Stats

90
Posts
28
Votes
Christopher Suh
  • Residential Real Estate Broker and Investor
  • Irvine, CA
28
Votes |
90
Posts
Christopher Suh
  • Residential Real Estate Broker and Investor
  • Irvine, CA
Replied

@Jeb Brilliant have you tried asking the seller if he'll carry back and do owner financing? 

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