Real Estate Wholesaling Questions & Answers

User Stats

4
Posts
0
Votes
Jaquez Jones
0
Votes |
4
Posts

User Stats

4,875
Posts
4,495
Votes
Taylor L.
  • Multifamily and Self Storage Investor
  • Richmond, VA
4,495
Votes |
4,875
Posts
Taylor L.
  • Multifamily and Self Storage Investor
  • Richmond, VA
Replied Aug 31 2019, 18:46

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.

User Stats

3,436
Posts
1,409
Votes
Jerry Padilla
  • Lender
  • Rochester, NY
1,409
Votes |
3,436
Posts
Jerry Padilla
  • Lender
  • Rochester, NY
Replied Aug 31 2019, 19:47

@Jaquez Jones

What advice are you looking for?

Are you looking into conventional financing, private money?

User Stats

4
Posts
0
Votes
Jaquez Jones
0
Votes |
4
Posts
Jaquez Jones
Replied Aug 31 2019, 19:52

@Jerry Padilla yes

User Stats

3,436
Posts
1,409
Votes
Jerry Padilla
  • Lender
  • Rochester, NY
1,409
Votes |
3,436
Posts
Jerry Padilla
  • Lender
  • Rochester, NY
Replied Aug 31 2019, 20:00

@Jaquez Jones

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.