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Updated over 11 years ago, 08/07/2013
Buying a group of four duplexes all fully rented.
Hi there,
I have found a group of four duplexes, all are fully rented with month to month leases, that I am interested in buying. It will be my second investment package as I already own an SFR and am trying to build my portfolio. I want to add these properties to my portfolio as soon as possible and I will be meeting the seller to discuss more in depth of these properties soon. I am not sure what questions I need to ask the seller? Also I live in Utah and the properties are in New York, is that more of a hassle than its worth?
I feel these properties are priced fair based on the estimated positive cash flow, however, I cannot get funding through traditional lenders(even though I have good credit and money to put down) I am curious as to what some of my finance options could be for the package?
Any comments or suggestions left would be a huge help! Thank You for your time and thoughts.
Cassidy