Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

93
Posts
10
Votes
Eric Schrader
  • Engineer
  • Fawn Grove, PA
10
Votes |
93
Posts

1st property is closer

Eric Schrader
  • Engineer
  • Fawn Grove, PA
Posted

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

Loading replies...