need help with first deal

5 Replies

Hi everyone I'm new in this business and thinking of acquiring a 3 family rental property in NY. I've visited few properties and many are priced around 800,000. However, I'm not sure I will be able to come up with enough money for a down payment around 160,000. Any advice on how I can make this happen? Thank you...
Thank you, Mr. Tahir,  for your response. For one property I found a week ago,  I wasn't able to prove I had enough fund for the down payment so the owner sold it another person who had enough fund to complete the deal. So right now I'm back on the market looking for a new property. I will gladly contact you as soon as I find another good deal. Thank you very much...