Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Investment partner for down payment / closing costs?
Aloha,
New to HML and PML. Looking to purchase a multifamily building in town. Owner and I very close to finalizing the terms of a balloon, interest-only purchase agreement. I have funds tied up through 401k / retirement account at work sufficient to cover the agreed upon down payment and some closing costs (close to $100k). Obviously, I'd rather not liquidate those funds early but am prepared to do so for this deal, as the property has value add potential and cash flow. But I would need a few months to liquidate and season the funds and the owner wants a quicker closing. Will be tapped out in the short-term after earnest money, inspection, etc.
Recommendations?