I’m trying to locate a lender for a 20 home portfolio purchase. All 3-4 bedroom single family detached homes in the same area of Los Angeles County. I do NOT have a 1.25M down payment laying around. Looking for a lender that’s going to lend on the math or help do something creative to make it work. Any referrals?
@Lou V. You’re going to need a good amount of cash (either yours or someone else’s) to take this deal down. I doubt a seller in LA would offer seller financing with very low down.
Any commercial bank is going to want you to have significant “skin in the game”, even if you’re buying under market or adding a ton of value.