Birmingham, AL · Member since 2017 · 93 posts · 15 votes
I'm seeking a 65/35% Financial partner for deals I have on the table. I'm getting deals but need a financial backer for the first couple. I need help and I need someone as soon as possible. I know no one wants to leave contracts on the table.
Professional · Roseville, CA · Member since 2017 · 174 posts · 31 votes
9y
Dear Alisha,
The first couple are always the hardest. If I may be so bold have you looked in to multifamily units 4 and under are not considered commercial HOWEVER 5 units and up are. The differenc is the kind of financing available to you. As women we are in a minority group so there are also government loans and grants available. If you go to the federal government information clearing house they have a cornucopia of infor. Plus if you buy a multifamily you can stay in one and rehab the others as nessecary, Now you have a place to live that other people are helping you pay most of the mortgage on but your building cred with the local banks who buy the way LOVE to fund multifamily offerings. And if you some how find a midsize multifamily for more than 1 million email me and well see what we can do. best of luck to you
Birmingham, AL · Member since 2017 · 93 posts · 15 votes
9y
Hello @Reginald Truss. I have 2 and a possible 3 contract that are less than $50k. I'm having a hard time finding funding for them. Purchase and rehab. I have one that more than that but the down payment is my problem.
Professional · Roseville, CA · Member since 2017 · 174 posts · 31 votes
9y
Dear Alisha,
The first couple are always the hardest. If I may be so bold have you looked in to multifamily units 4 and under are not considered commercial HOWEVER 5 units and up are. The differenc is the kind of financing available to you. As women we are in a minority group so there are also government loans and grants available. If you go to the federal government information clearing house they have a cornucopia of infor. Plus if you buy a multifamily you can stay in one and rehab the others as nessecary, Now you have a place to live that other people are helping you pay most of the mortgage on but your building cred with the local banks who buy the way LOVE to fund multifamily offerings. And if you some how find a midsize multifamily for more than 1 million email me and well see what we can do. best of luck to you