I found the perfect house. Cash flows very well. I’m just out of college and don’t have 20% down payment, I only have 10%. Living in it isn’t an option with my job either. Any suggestions?
Hi, hunter. i have a HML who can do 90% with 100% rehab too. if youre interested i can put you incontact with our lawyer to gather more info for you.
@Hunter Washburn if it cash flows, it's a rental and likely owned by an investor. It's possible that they are tired of landlording...I would start by approaching them to ask if they would consider seller financing, especially where you have $10k to toss out there.
Alternatively, the seller may be willing to raise the contract price $10k and then hand you the rest of the down payment at closing to cover the gap...there are lots of ways to get creative.
If that fell through, I'd look for private money via family and/or friends. $10k isn't that much to raise. I hope that helps.