1st property is closer
Hi group.
So, at a snail's pace, been working on my first purchase. I have identified two potential properties. The first is ready to be rented, the second needs a minor Home Depot make-over (new appliances and carpet). I have run the numbers and they look pretty good. I have placed some phantom adds to judge rents and interest. I have found and investment banker and been qualified for the purchase of these properties. So i am back to "How do I get the down payment!" I have asked some family members if they would like to invest, but the response wasn't very enthusiastic. I have talked to some other private money organizations for the down payment or the straight purchase, and most of them only lend to entities, not individuals. Anybody have any other suggestions? thanks