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Updated over 8 years ago on . Most recent reply

User Stats

82
Posts
19
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Cody Dover
  • Rental Property Investor
  • North Little Rock, AR
19
Votes |
82
Posts

Creatively finance 15% down payment

Cody Dover
  • Rental Property Investor
  • North Little Rock, AR
Posted

Hey guys,

Just wanted to seek advice when it comes to acquiring rentals and coming up with the down payment. Recently got my first house under contract that's already cash flowing, but having issues with trying to close on 2 more units which also cash flow from day 1. I'm looking for an alternative way to fund the $2-5k down payment. I do have that in my savings, but cant wipe it all out, will need some seed capital to fall back on for unexpected cost. I understand it's easier to ask for financing on a flip because of the quicker turnaround giving the borrowed money back, but for small amounts like this, which is the best approach?

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