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Updated over 4 years ago on . Most recent reply

User Stats

245
Posts
61
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Kanwar Sodhi
  • Real Estate Agent
  • Chantilly, VA
61
Votes |
245
Posts

Need Help with Financing (Rental Property in Georgia)

Kanwar Sodhi
  • Real Estate Agent
  • Chantilly, VA
Posted

Hey BP, 

Need some creative minds on this one. 

I own a duplex in Atlanta and another rental just popped up. It's $150,000 turnkey and it'll rent really well.

I've got to put 20% down. I'm waiting for the 1099 from my brokerage before I can qualify for this loan which they'll probably send to me next week.

In the meantime, I NEED to figure out how to get this property before it flies off the shelf. 

Anyone have any creative ideas or access to private financing that can help with acquisition? (Seller won't take seller financing and I do need the current taxes to be done to qualify)   

Thank you. Feel free to DM me

  • Kanwar Sodhi

Most Popular Reply

User Stats

241
Posts
185
Votes
Richard Balsam
  • Investor
  • Alpharetta, GA
185
Votes |
241
Posts
Richard Balsam
  • Investor
  • Alpharetta, GA
Replied

Why don't you contact an asset based lender? Hard/soft lenders. Then, refinance in a few months with long term money.

  • Richard Balsam
  • Loading replies...