Any ideas on how to raise some capital to put down for Mortgage (loan, loan)

[NJ Chutzpah]

Any ideas on how to raise some capital to put down for mortgage?

Price range for said real property can be anywhere from 1 mil to 2.5 mil

[sunsprit]

Is this a business or residence property?

If a business, and you need to borrow money for the down payment, you're not ready to be buying property unless you're going to bring in an equity partner.

[d4g4m]

The only way you're going to raise that kind of money is to
1 get into the selling drugs or
2 become a politician

[NJ Chutzpah]

it will be a residence property, it could have commercial space on the ground floor, but that will be leased

in other words the business is the property

I am not talking about within the first year, but it would be nice so if you have ideas dont be shy

[Movie Lover]

Originally Posted by d4g4m

The only way you're going to raise that kind of money is to get into the selling drugs

I agree. Other option is to come to me in 5 years and borrow it from me.

[NJ Chutzpah]

^^^

Why is that?

[Movie Lover]

Stock Market - out. How else can a normal taxpayer get money? The money I'm getting is far better then going through with selling dope.

[sunsprit]

So it's a residential property with the "possibility" of having business zoning and a business use on the street level ... but your intention is to not "lease" it out for that use upon purchase?

If so, you're looking at a straight residential property acquisition.

Either you've already got the money for a jumbo loan downpayment and income to support the loan and taxes ... or your don't. IF you don't have the money, then you don't have a deal.

[happycamper5]

hot dog truck.....$20.000. and live like the rest of us! ....I kid

[Movie Lover]

Originally Posted by happycamper5

hot dog truck.....$20.000. and live like the rest of us! ....I kid

Hot dog truck?!! Leased by who?