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Updated over 3 years ago,
Off Market 4Plex - San Antonio, Texas - Financing Question
Hi everyone! I have the option to buy an off market 4-plex (technically - 4 townhouses). The BPO came back and the seller is willing to sell it to me at that price, with no mark up. All units are filled with reliable tenants who have a great rental history of on time payments.The only issue here is financing. If the seller sold me two of the 4, I could do it on my own, the problem is, all 4 of the townhomes are under one mortgage, and I'm not sure the seller wants to separate the places, especially since there will be a bidding war for these properties if it hits the market. Due to our past professional relationship, he is willing to sell to me before marketing it. I'm wondering how people go about finding financing/partnerships for investments such as this. I would love to help someone with whatever they are working on - I take professional photos, can do your administrative work, or just help with scheduling or manual labor, in exchange to pick someone's brain and learn how I could make these properties a reality. Thanks in advance!