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Updated over 5 years ago,
Hard Money Lender for a property that I Rent
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?