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Updated almost 3 years ago,

Dennis Olguin's profile image
Dennis Olguin's profile image
Dennis Olguin
  • from Wenatchee
  • Member since Jan 10, 2022
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Dennis Olguin's profile image
Dennis Olguin's profile image
Dennis Olguin
  • from Wenatchee
  • Member since Jan 10, 2022
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Dennis Olguin
  • Wenatchee
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Mortgage Brokers & Lenders

Found a 5-plex but need some professional opinion

Dennis Olguin
  • Wenatchee
Posted

Happy Sunday! 

I found a 5-plex deal asking price is $899k. However, the owner wants to do a 1031. There are money lenders who are willing to help with this deal but they would want a 25% down. What my question is has anyone done an owner finance down payment? 

If so what are the pros and cons!

Thank you :)

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