for buying, selling & investing in apartments, condos & houses.
investors start their career by buying a rental condo, then another, and
maybe a duplex or small house. Sooner or later they "hit the
wall." The "wall" is when your bank tells you
they won't loan you any more money. Either you are too leveraged or you don't have have any down payment money and are trying
to finance 100% of your purchase.
is a common scenario and a very big problem. If you're in this
boat, what are you going to do?
way investors get around this is through joint venture
partnerships. Quite simply, a joint venture is partnering with
someone who has the money for a down payment and can also qualify for
the mortgage. This person becomes a 50/50 partner with you on
title and you pay them pack the down payment with interest when you sell
the property. More information on joint ventures can be found at What
Is A Joint Venture.
path you choose to get over the wall, keep an open mind and a positive
attitude. You might need a bit more determination, but you will