All Forum Posts by: William Shields

@Kevin Sobilo thanks! I am going over the numbers in more detail with him tomorrow. The property isn't listed. I called him about a different property and he happened to be ready to sell this larger property. It seems seller carry-back might be the only option. I'll mention it to him tomorrow. 

I am interested in a property. The property is going for $950k and 25% of that would be $237k. We do not have $237k laying around. How do people come up with that amount of money to cover the downpayment? For example if we apply for a DSCR loan can we take out a personal loan to cover the deposit? I know when you are getting a loan you can't apply for other loans so I am trying to figure out a way to do this. We don't have friends or personal contacts that can contribute to this. We are new to multifamily investing. Assumptions: The rents collected cover the mortgage, taxes & insurance.