The answers may not be what you want to hear, but they're not necessarily off-base. Properties that could previously have been financed with 0 to 10% down now require 25% to 40% down. You're trying to finance in excess of 100%, which is unrealistic in the current environment. Even worse, you're a "young investor", which probably translates into inexpereinced in dealing with the asset you want to buy - or at least that's how a lender will look at it.
You need an equity partner. However, you need to be realistic in answering this question - if someone else is putting up the equity/risk capital, what are you bringing to the transaction?
Apr 8, 2010