Updated about 2 years ago on . Most recent reply
Looking for Funding
Hi everyone. My partners and I recently graduated from Syracuse University and have been looking for our first rental for the past year. We have found a deal off market in Syracuse, NY that we really like and it's a great opportunity. It is in a great location and cash flows well. We are looking for someone to hold a mortgage for us. Asking price is 635k. Please reach out with any advice and opportunities!! Thanks for the help.
Most Popular Reply
Hi Anthony,
Were you looking for an equity partner or a lender to finance this? A common strategy here would be to use conventional or DSCR financing, which would require 20-25% down. Given the purchase price of 635k, it may not debt to cover at 20-25% down, so conventional may be the route here.