Funding for my first deal??
Funding for my first deal?any good advice
Far too broad of a question. If you're looking for an investor and/or a lender, you need to figure out what's in it for them. Why should they place their money in your deal? How are you protecting their downside?
The first one is the hardest, because you don't have a track record to refer to.
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@Jaquez Jones
What advice are you looking for?
Are you looking into conventional financing, private money?
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Lender NY (#NMLS 1084877) and Prime Lending Licensed in All 50 States (#NMLS 13649 )
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@Jerry Padilla yes
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#5 Classifieds Contributor
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Do you own a primary home?
For a low down payment, you can house hack a multi-family residence, and live in one of the units, with an FHA mortgage.
If you already have a primary, a SFR is 15% down and a MFR is a 25% down payment.
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Lender NY (#NMLS 1084877) and Prime Lending Licensed in All 50 States (#NMLS 13649 )
- 585-204-6923
- http://www.jerryrpadilla.com
- [email protected]