Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Questions About BiggerPockets & Official Site Announcements
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

7
Posts
0
Votes
Gary Grant
  • Carlisle, PA
0
Votes |
7
Posts

Hard Money Lender for a property that I Rent

Gary Grant
  • Carlisle, PA
Posted

I have lived in the property that my landlord wants to sell right now.  I have done my research on the property and there is cash flow coming out the property.  

The property is generating $2,050.00 per month.  The monthly cost for insurance, school taxes, county and borough, water, mortgage. payment I would be looking at about 1500.00 per month.  

I have other cash flow coming in from my own business to support the property.  

My landlord wants to unload the property for 155K.  My bank wants 37.5K down or 25% down.   I do not have the down payment.  

Is there anyway that I can creatively make this deal happen? 

Loading replies...