All Forum Posts by: Daniel Gregory

I'm under contract on a commercial deal. The purchase price is $5,300,000. It's pulling in over $1,000,000 a year in gross revenue. Numbers all look good for a conventional loan. The problem for me is the down payment. Needing $1,000,000 approximately. I own a residential real estate portfolio in Florida valued at $1,500,000 that I was going to sell to an investor with a quick turnaround and use that for the downpayment. The investor is now dragging their feet and it's got me feeling like I need to come up with a contingency plan.

Any ideas/leads on creative financing for the downpayment/funding the whole deal?

Hi! This is my first post on this site! I have 3 rental properties and my own home. I own all of them outright. I've never been in debt and I've never bought something I couldn't pay cash for. However I'm wanting to get some more rental properties and am in a position where I need to get some loans. I have some good deals in the works, but long story short cannot qualify for a conventional loan due to no credit history. I have a lot of assets, very little outgoing, zero debt, a large amount of liquid assets and a decent amount of income. What are some creative ways for me to get funding for my potential deals? I'm sure there are other forums for this, but any assistance here would be greatly appreciated. I'm located in the Fort Myers Florida area if that helps.