All Forum Posts by: Kevin Bennett

 I don't know how many are vacant. I haven't dug too deep yet. I'm still in the process of seeing what a mortgage payment would look like and trying to find someone to help with the down payment.

 It's a 6 unit apartment. I want to go in and slowly fix the units up as people move out. So far, it looks like rents haven't been raised in a while so that would be my first thing is to catch them up to market averages. After I fixed all the units I would decide if I would want to refi and get the equity out and buy another or sell it.

 its a 6 unit apartment.

I am looking to potentially buy a multi unit property. I would like to get some ideas on different ways I could finance the property. Is there someone here that does mortgages that would be willing to give some advise?

 A bundle of positivity with you I see. So, what exactly is the point of you commenting on here? You're not giving advise or offering to be a partner? Just saying its not possible. So I'm going to take the route of being positive and see how that gets me. 

 A couple things. 

1. From everything I've read and listened to. There are plenty of people who would want to partner up with someone with less money if the one with less money could offer other things. Like my background in construction to keep cost for repairs down. Also I would manage the property to keep more of the profits.

2.  I never said I don't have any money. I said I don't have enough for the down payment. I believe everyone needs some skin in the game so they don't just get lazy about it. 

Hey everyone. I have found a property that I really like and with some quick updates (that I'm able to do) would be able to be a great investment. Unfortunately, I don't have enough cash for a down payment. How does one go about finding a business partner to help with funding? I would be able to do most of the work on the property. I could manage it so we wouldn't have to pay for a property manager. This would be my first deal. But I believe in a fairly short amount of time we could quickly force appreciation in the property by updating the units. Any help would be awesome. 

Thank you.
 

Welcome to Bigger pockets

Just closed on my first property Friday. Using it as a primary residence for now. Feel like I bought in an area that is going to grow and hoping on making money trough appreciation. But it motivated me to continue on this real estate journey. Hoping after reading more books and talking to more real estate investors I'll have the confidence to buy a two-fourplex.